Apple Stocks fell despite revenue gain this month

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After the released dates of the iPhone 12, the tech giant’s stocks fell in the latest tradings from $124.40 (October 12) to $108.86 today.

But according to the last quarters’ forecast and historical data, the projection sales would fall during the third quarter. The slowdown of sales growth affects since September but the investors are still hopeful before the year ends.

Tim Cook Apple CEO said, “Apple capped off a fiscal year defined by innovation in the face of adversity with a September quarter record, led by all-time records for Mac and Services.”

“Despite the ongoing impacts of COVID-19, Apple is in the midst of our most prolific product introduction period ever, and the early response to all our new products, led by our first 5G-enabled iPhone lineup, has been tremendously positive.”

“From remote learning to the home office, Apple products have been a window to the world for users as the pandemic continues, and our teams have met the needs of this moment with creativity, passion, and the kinds of big ideas that only Apple can deliver.”

In contrast, the sales of iPad and Macs are increasing due to the fact the most people are working remotely and doing some school work at home.

This week company launches Apple One with one month free access to the service.

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