Apple is the largest publicly-traded corporation in the world, and for the past few years, investors have expected atmospheric growth. That’s driven the price of Apple’s stock to over $700, but it may be coming back to earth. Following a quarterly earnings that showed flat year-over-year profits, the tech giant’s stock tumbled 11 percent in early trading today.
Nick Wingfield is a technology correspondent for our partner The New York Times.
The story you just read is available to read for free because thousands of listeners and readers like you generously support our nonprofit newsroom. Every day, the reporters and producers at The World are hard at work bringing you human-centered news from across the globe. But we can’t do it without you: We need your support to ensure we can continue this work for another year.
When you make a gift of $10 or more a month, we’ll invite you to a virtual behind-the-scenes tour of our newsroom to thank you for being with The World.