Radar Movers: Apple and Microsoft Sink Lower, Starbucks Jumps 3%

  • Like on Facebook
  • Share on Google+
  • Share on LinkedIn

Shares of Apple (NASDAQ:AAPL) plunged more than 12 percent on Thursday and continue to edge lower in late afternoon hours. The company recently released financial results that did not satisfy the market. Furthermore, gross margin came in at 38.6 percent, compared to 44.7 percent in the same quarter a year earlier. Apple finished the quarter with a total cash position of $137.1 billion.

AAPL

More Articles About:

To contact the reporter on this story: staff.writers@wallstcheatsheet.com To contact the editor responsible for this story: editors@wallstcheatsheet.com

Yahoo Finance, Harvard Business Review, Market Watch, The Wall St. Journal, Financial Times, CNN Money, Fox Business