Market Reaction To Apple’s Announcement Hard to Swallow — Or Is it?
▻https://hackernoon.com/apple-stock-drop-hard-to-swallow-or-not-3e0d2a86cce3?source=rss----3a814
Market Reaction To Apple’s Announcement Hard to Swallow — Or Is it?APPL Stocks plunge, making tech stock ownership hard to swallow.This week Apple told us (AAPL stockholders) that their expectations for performance in the China market is performing less than optimal.Lower than anticipated iPhone revenue, primarily in Greater China, accounts for all of our revenue shortfall to our guidance and for much more than our entire year-over-year revenue decline. — Tim Cook, Apple CEOInvestors responded with a cold and hard b*tch slapping of Apple and dozens of other tech stocks. As usual, the market was reactive at the first signal of trouble.As a software developer focused on building great experiences, we’ve come to believe that responsive and reactive websites are a good thing. At Cloudinary, the last (...)
#web-development #technology #globalization #reactive-programming #investing