Apple will join Dow Jones industrial average; AT&T out
Tech titan will join 30-company blue-chip index, company says and Dow-owned "Wall Street Journal" Reports. Ref. USAToday
Apple CEO expects tough quarter after flat iPhone holiday sales; stock dips after hours
The company sold 74.8 million iPhones for the last three months of 2015 - up just 1% from the same quarter a year ago, marking the slowest increase for the device since it was introduced in 2007. And CEO Tim Cook, in a conference call, warned of a tough beginning to 2016, inching AAPL shares down slightly in after-hours trading on Tuesday. Ref. USAToday.
Apple makes history by becoming first company to reach $1 trillion market value. The popular stock, which is owned by investors ranging from billionaire Warren Buffett to mutual fund giant Vanguard to millions of working Americans through funds owned in their 401(K)s, passed the milestone after reporting another quarter of stellar profits after the market close Tuesday. Ref. USAToday.
There are other companies I can think of that could probably trade higher so I'm guessing this is largely due to their iPhone sales.
Apple says revenue in its quarter ending December 29 will fall short of company expectations, hurt by iPhone and China growth. Apple faces questions on its iPhone growth in the U.S. And abroad, noting it did not 'foresee the magnitude of the economic deceleration" in China. Ref. USAToday.