Apple Slumps After Guidance Miss; Microsoft Rallies in Big-Tech Earnings Week
Tech earnings this week were led by major players including Apple (AAPL), Microsoft (MSFT), and Qualcomm (QCOM). Apple's shares fell sharply on Friday after the company missed its revenue guidance, marking its worst single-day post-earnings sell-off since January 2013. The decline came amid speculation about CEO Tim Cook’s potential retirement in early 2025. In contrast, Microsoft delivered a strong performance that boosted investor confidence and helped offset some of the market's concerns over Apple's results. Qualcomm also reported solid earnings, contributing to positive sentiment across the sector despite mixed outcomes from key players.
Topics: Apple Microsoft Qualcomm Stock Performance Tech Earnings