“Apple has done better than the broader market this year, rising 1.5 percent while the S&P 500 has fallen more than 2 percent,” Stephanie Yang reports for CNBC.
“However, the stock is still on track to log its worst performance in six years,” Yang reports. “In 2008, Apple shares fell more than 50 percent. Since then, the stock has consistently risen 5 percent or more.”
“Max Wolff, chief economist at Manhattan Venture Partners, said the stock’s lackluster performance this year is likely due to concern about the completion of the Apple car, sales of the new Apple Watch and more risk-averse investors,” Yang reports. “However, Wolff said Apple’s third-quarter earnings report, which is scheduled for Oct. 27, could bring some of that excitement back.”
Read more in the full article here.
MacDailyNews Note: As usual, on October 27th, we expect earnings results after market close, right around 1:30pm PDT / 4:30pm EDT.
We’ll bring you the results as soon as they are available and follow that up with live notes from Apple’s conference call. On the 27th, check our home page around 4:30pm EDT for the results and around 4:45pm EDT for the link to our live coverage.
SEE ALSO:
Apple to release Q415 earnings, webcast live conference call on October 27th – October 8, 2015