Apple Dips 4% After Disappointing iPhone Sales
Video Credit: Wochit News - Duration: 00:38s - Published
Apple Dips 4% After Disappointing iPhone Sales
On Friday, Apple shares fell as much as 5.6%.
The drop comes after the tech giant's fiscal fourth-quarter figures failed to meet analysts' expectations.
Business Insider reports the slide saw as much as $111 billion erased from Apple's market cap.
The company beat estimates for overall revenue and profit.
IPhone sales were well below Apple's expectations.
Apple's updated phone lineup was released roughly one month later than usual.
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