On Monday evening, Apple reported earnings and revenue that were above expectations. Sales of iPhones, however, were a little lower than predicted, and the company’s revenue forecasts struck some observers as underwhelming. In after-hours trading, the company’s share price fell 9% — representing $44 billion in lost market value. As I write this, on Thursday morning, the loss for the week is nearing 10%.
Should Tim Cook Care About a 10% Stock Drop?
On Monday evening, Apple reported earnings and revenue that were above expectations. Sales of iPhones, however, were a little lower than predicted, and the company’s revenue forecasts struck some observers as underwhelming. In after-hours trading, the company’s share price fell 9% — representing $44 billion in lost market value. As I write this, on Thursday […]
January 30, 2014
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Innovation and Creativity Course
Accelerate your career with Harvard ManageMentor®. HBR Learning’s online leadership training helps you hone your skills with courses like Innovation and Creativity. Earn badges to share on LinkedIn and your resume. Access more than 40 courses trusted by Fortune 500 companies.
Unlock your team's curiosity and willingness to take smart risks.