Apple stock falls on chip shortage concerns despite blockbuster earnings
NY Post
Apple knocked investors’ expectations out of the park with a strong second quarter earnings report Tuesday evening — but the company’s stock fell sharply on Wednesday morning as the company warned that supply constraints will hurt future sales.
Apple shares were trading down about 2.8 percent shortly at as low as $142.71 shortly after market open on Wednesday, before recovering somewhat to $146.23 later in the morning, according to MarketWatch data. Amid Apple’s blockbuster second quarter earnings presentation — in which surging sales for iPhones, Macs and iPads catapulted revenue to $81.4 billion — was a warning that the ongoing semiconductor shortage will affect revenue in the third quarter.
It was a flashback to NYC in the 1990s.
The killing of Iran’s tyrannical Supreme Leader Ali Khamenei on Saturday in an unprecedented joint military attack by the US and Israel called Operation Epic Fury set off widespread celebrations from Iranians around the world — as President Trump said it would give them their “greatest chance” to “take back the country.” Meanwhile, in Iran, a lack of internet has made it impossible for Iranians to easily communicate daily conditions. Over a period of three days, with limited VPN connection, an eyewitness currently in Tehran — who, for her safety, is concealing her identity — shared her account of life under a country in the midst of battle with The Post’s Natasha Pearlman.
After exactly 120 years, the curtain has fallen on the Theater District institution Barbetta, with the iconic Italian restaurant having served its final course Friday night.