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Apple Stock Falls After Earnings

Apple reported disappointing earnings results.

By Connor Allen – Feb 3, 2023 at 7:14AM EST

Motley Fool contributor Connor Allen goes over Apple's (AAPL 0.85%) latest earnings results. The stock fell 3% after hours due to a variety of reasons given in this video, including economic conditions, foreign exchange, and more.

Check out the video for his full thoughts!

*Stock prices used were the midday prices of Feb. 2, 2023. The video was published on Feb. 2, 2023.

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Connor Allen has positions in Apple. The Motley Fool has positions in and recommends Apple. The Motley Fool recommends the following options: long March 2023 $120 calls on Apple and short March 2023 $130 calls on Apple. The Motley Fool has a disclosure policy.

Connor Allen is an affiliate of The Motley Fool and may be compensated for promoting its services. If you choose to subscribe through their link, they will earn some extra money that supports their channel. Their opinions remain their own and are unaffected by The Motley Fool.

Stocks Mentioned

Apple Stock Quote
Apple
NASDAQ: AAPL
$271.11
(-0.85%)-$2.32

*Average returns of all recommendations since inception. Cost basis and return based on previous market day close.

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