Apple (NASDAQ: AAPL) Stock Falls as Supply Commitments Surge

TLDR Apple stock fell 4.46% to $323.23 in Tuesday’s premarket trading following its quarterly earnings report. Apple’s manufacturing purchase commitments increased by $33 billion to $89.7 billion during the September quarter. The company reported quarterly revenue of $114.5 billion, exceeding analysts’ expectations of $113.4 billion. Apple expects its December-quarter gross margin to fall to between [...]

The post Apple (NASDAQ: AAPL) Stock Falls as Supply Commitments Surge appeared first on Blockonomi.