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  • Apple stock in focus as CEO Tim Cook spooks with one phrase
    Finance News

    Apple stock in focus as CEO Tim Cook spooks with one phrase

    February 5, 2023 /

    Apple (AAPL) CEO Tim Cook and his righthand CFO Luca Maestri channeled their interior Wall Road economist on the tech giant’s earnings contact late Thursday. After a exceptional earnings pass up for Apple, Prepare dinner and Maestri utilized some variation of the phrase “tough economy” seven moments on the earnings connect with. Both of those are unconventional for the mighty Apple. “The macroeconomic ecosystem this earlier quarter markedly was extra complicated than 12 months back,” Maestri advised analysts. Shares of Apple — which fell significantly in pre-industry investing on Friday — nevertheless rallied on Friday. The financial worries to which Cook referred could be seen in Apple’s earnings. Apple Earnings…

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