A few weeks ago, Apple announced a rare revision that significantly lowered its earnings guidance for the 2018 holiday quarter. AAPL shares swiftly dropped 8% in after-hours trading on the news, and slid further the following day. However, today AAPL shares have officially bounced back to above the pre-announcement share price of $157.92, recovering over $75 billion of its market cap.
The post AAPL recovers $75 billion, returning to company value last seen before iPhone revenue miss disclosure appeared first on 9to5Mac.
