Apple Stock Falls Nearly 2% Before Earnings as Upgrade Program Launches
This article first appeared on GuruFocus. Apple (NASDAQ:AAPL), a consumer-technology company producing iPhones, computers and connected devices, fell nearly 2% in Thursday’s regular-session trading before its scheduled earnings report. Analysts expect June-quarter revenue to increase 15.5% to approximately $108.65 billion, potentially representing Apple’s strongest growth for that quarter in five years. Estimated iPhone sales growth…