Description: Apple Inc. may have just seen its worst sequential drop in iPhone revenue for any March quarter in the company’s history, but investors seem optimistic about where the smartphone giant is headed. Shares of Apple AAPL, +7.05% were up 6.2% in Wednesday morning trading, putting the company on track to reclaim a $1 trillion valuation. The stock would have to close above 5.7% to reach the milestone once again.
Date: May 01, 2019
Questions for discussion:
- What explains the Apple’s stock behavior recently?
- Based on the information provided in the article, would you recommend new purchases of Apple stock today?