Apple’s Cautious Outlook Overshadows $111 Billion Sales Haul
- IPhone revenue reaches $65.6 billion in sign of ‘super cycle’
- Company sees slower Wearables, AirPods and Services growth
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Apple Inc. shares slid 2.9% in premarket trading Thursday after a cautious outlook from executives overshadowed quarterly revenue that topped $100 billion for the first time.
While the company didn’t provide an official forecast for the fourth quarter in a row, executives said sales growth from AirPods and other wearables will decelerate in the current quarter. They also warned that Services sales in the period will face tougher comparisons with a year earlier.