Apple Stock Price

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Apple Stock Price

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Apple Stock Price

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Apple Stock Price

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Apple Stock Price

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Apple Stock Price

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Apple Stock Price

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Apple Stock Price

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Apple Stock Price

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Apple Stock Price

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Apple Stock Price

China Shutdowns Weigh On Apple's June-Quarter Outlook

Apple Stock Price

Consumer electronics giant Apple (AAPL) warned that Covid-related shutdowns in China will negatively impact its June-quarter performance.

Apple Stock Price

Apple stock fell on the news Friday

Apple Stock Price

Apple said lockdowns in China to prevent the spread of Covid-19 would cut its revenue in the current quarter. The impact includes factory and retail shutdowns in the country.

Apple Stock Price

Covid-related disruptions and industrywide silicon shortages are impacting their ability to meet customer demand for products, said Chief Financial Officer Luca Maestri on a conference call

Apple Stock Price

On the stock market Friday, Apple stock fell 3.7% to close at 157.65. It was a rough day overall for stocks.

Apple Stock Price

Morgan Stanley analyst Katy Huberty reiterated her overweight, or buy, rating on Apple stock after the earnings report. But she trimmed her price target to 195 from 210

Apple Stock Price

Katy Huberty said in a note to clients. "In a market beset by numerous challenges, Apple remains a beacon of stability, and we continue to see Apple as our top IT hardware pick for 2022."

Apple Stock Price

Piper Sandler analyst Harsh Kumar said in a note to clients. "However, Apple continues to deliver record performances across most products and services."

Apple Stock Price

Apple's March-quarter results got a lift from strong iPhone, services and Mac computer sales.

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