AAPL drops 6% after disappointing revenue outlook, while MSFT rises on strong cloud growth in mixed big-tech results.
Apple shares fell over 6% Friday after the company issued weaker-than-expected revenue guidance, marking its steepest post-earnings decline since January 2013. The drop overshadowed otherwise solid quarterly results, as investors focused on soft demand signals for the current period.
Microsoft outperformed expectations, with its stock rising on strong cloud-computing growth and AI-driven demand. The contrasting performances highlighted divergent trends within the tech sector, as Qualcomm also reported mixed results earlier in the week.
The broader tech sector saw muted reactions, with investors weighing Apple’s struggles against Microsoft’s resilience amid ongoing macroeconomic uncertainty.