This final note today, which can properly be filed under the ‘What the heck does Wall Street know, anyway?’ label.
Apple reported fourth quarter profits after the closing bell today. A tidy $6.6 billion straight to the bottom line.
Not, though, apparently enough for Wall Street, which sent Apple shares down 8 percent in after-hours trading. That’s the same Apple that sold 4 million new iPhones this past weekend.
And yes, I know this past weekend doesn’t in last quarter’s profits, but c’mon. The things are like printing money.
There’s a lot happening in the world. Through it all, Marketplace is here for you.
You rely on Marketplace to break down the world’s events and tell you how it affects you in a fact-based, approachable way. We rely on your financial support to keep making that possible.
Your donation today powers the independent journalism that you rely on. For just $5/month, you can help sustain Marketplace so we can keep reporting on the things that matter to you.
