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Information Technology : Technology Hardware, Storage & Peripherals | Large Cap Growth
Company profile

Apple Inc. (Apple) designs, manufactures and markets smartphones, personal computers, tablets, wearables and accessories and sells a range of related services. The Company’s products include iPhone, Mac, iPad, AirPods, Apple TV, Apple Watch, Beats products, HomePod, iPod touch and accessories. The Company operates various platforms, including the App Store, which allows customers to discover and download applications and digital content, such as books, music, video, games and podcasts. Apple offers digital content through subscription-based services, including Apple Arcade, Apple Music, Apple News+, Apple TV+ and Apple Fitness+. Apple also offers a range of other services, such as AppleCare, iCloud, Apple Card and Apple Pay. Apple sells its products and resells third-party products in a range of markets, including directly to consumers, small and mid-sized businesses, and education, enterprise and government customers through its retail and online stores and its direct sales force.

Closing Price
$145.93
Day's Change
1.97 (1.37%)
Bid
--
Ask
--
B/A Size
--
Day's High
147.23
Day's Low
143.08
Volume
(Average)
Volume:
70,545,391

10-day average volume:
66,911,271
70,545,391

Twilio stock plunges toward 4 1/2-year low, kudos to BofA's Funk for pre-results double downgrade

8:52 am ET November 4, 2022 (MarketWatch)
Print

Shares of Twilio Inc. plummeted 23.5% toward a 4 1/2-year low in premarket trading Friday, after the customer communications software company reported a large third-quarter net loss and provided a downbeat fourth-quarter outlook. The stock is on track to open at the lowest price seen during regular-session hours since May 2018, and to suffer the biggest one-day drop since it lost 26.3% on May 3, 2017. Kudos to BofA Securities analyst Michael Funk, who double downgraded Twilio, warning investors to sell a day before the results were released. Even before the post-results selloff, Twilio's stock had tumbled 75.2% year to date through Thursday, while the S&P 500 had lost 22.0%.

-Tomi Kilgore

	

(END) Dow Jones Newswires

November 04, 2022 08:52 ET (12:52 GMT)

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