Title: Why Apple’s stock fell off a cliff today | TechCrunch
Headings: Why Apple’s stock fell off a cliff today
Why Apple’s stock fell off a cliff today
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Content: But for larger companies like Apple, Twitter, Facebook and Alphabet, growth is an absolutely massive part of the equation. And Apple today showed that not only did its sales fall year-on-year for the first time in 13 years, its next quarter is also looking equally bleak. [graphiq id=”ejXEg8NAEDz” title=”Apple (AAPL) iPhone Unit Sales” width=”600″ height=”462″ url=”https://w.graphiq.com/w/ejXEg8NAEDz” link=”https://www.graphiq.com” link_text=”Visualization by Graphiq”]
Take Twitter today, for example. Twitter managed to beat analyst estimates on earnings — and its user base actually grew! Twitter has 310 million monthly active users, compared to 305 million in the previous quarter. But the company also said it would record revenue between $590 million and $610 million, well below the $678 million that analysts were expecting for Q3. For a company that does a relatively good job of monetizing its very slowly growing (and sometimes declining) user base, that’s a bad thing to report. Here’s another one: Alphabet. For a brief moment, Alphabet became even more valuable than Apple, because it beat in dramatic fashion what analysts were expecting from the company — and showed that it was growing, despite its cost-per-click (basically how valuable each click is to Alphabet) continuing to decline.