Apple needs to come down off its perch and start making nice with Wall Street, analysts said Thursday as investors hammered the company’s stock. The sell-off put Apple a hair’s-breadth away from losing its status as the world’s most valuable company.
Apple’s blockbuster revenue growth is slowing drastically, as iPhone sales plateau and the company finds itself lacking revolutionary new products.
Yahoo turned in another lackluster performance in the second quarter.
The business software maker surprised investors by releasing the results Monday. The fiscal fourth-quarter report had been scheduled to come out Thursday.
Apple Inc., the world’s most valuable company, trumped skeptics once again by reporting blowout iPhone sales.
EBay’s third-quarter net income climbed 14 percent, helped by growth in its online marketplace and PayPal online payment service, according to the company.