CNBC Daily Open: Apple failed to impress

CNBC Daily Open: Apple failed to impressCredit: CNBC


4 months ago

Apple's augmented-reality headset promises to make apps three-dimensional. But the tech-heavy Nasdaq Composite was essentially flat in response.

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Apple's shares fell on Tuesday after the tech giant reported mixed earnings that failed to impress Wall Street. Apple reported revenue of $11.25 billion and earnings per share of $1.68, missing analysts' forecasts of $11.41 billion and $1.82, respectively. The company's outlook for the upcoming quarter also fell short of expectations, with Apple forecasting revenue of $52.5 billion to $54.5 billion, below the $55.5 billion anticipated by analysts. As a result, Apple's shares fell by as much as 3% in extended trading on Tuesday.

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