Apple Inc. (NASDAQ:AAPL) expect lower than anticipated demand in previous quarter, declares an analyst in cutting his earnings and revenue predict for the iPhone maker.
Apple is aim to declare results for its fiscal Q2 ended in late March on April 23 following the market close. In a research note announced on Friday, RBC Capital Markets analyst Amit Daryanani declares the firm experienced weaker demand for its flagship iPhone and iPad products.
Daryanani predicts revenue to increase 5.3 percent to $41.2B, other than analysts on average predict 8.9 percent growth, to $42.6B.
Shares of Apple Inc. (NASDAQ:AAPL) traded at $429.80 by plunging -1.04% with price volatility of 1.58% for a week and 1.94% for a month plus price volatility’s Average True Range for 14 days was 9.15 and its beta stands at 1.00 times.
Stocks after opening at $434.15 hit high price of $434.15 and on last session stock held volume of 8.53 million shares which was unexpectedly lower than its average volume of 15.28 million shares.
Short-term as well long term investors always focus on the liquidity of the stocks so for that concern, liquidity measure in recent quarter results of the company was recorded 1.54 as current ratio. The Company had total cash at hand $39.82 billion and a book value per share as $135.62 in the most recent quarter.
While investors who viewing AAPL against other stocks with the reference of profit margin that are Research In Motion Ltd (NASDAQ:BBRY) having profit margin -6.73%, Cisco Systems, Inc. (NASDAQ:CSCO) with 19.72% profit margin, EMC Corporation (NYSE:EMC) having 18.26% profit margin and Hewlett-Packard Company (NYSE:HPQ) having profit margin of -10.86%.
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