Thursday, December 02, 2021 12:19:04 UTC
Production for Apple's iPhone 13 has dropped dramatically, due to supply chain issues, the company said today. The stock is down in pre-market after a $170 high yesterday.
Total reduction, as of today, is 10 million units. The 13 has better cameras than previous models, increased battery life and minimum 128GB memory which drove initial sales.(More)
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When daily active users at Snapchat's parent business rose somewhat more than expected, the stock of social media company Snap fell.
Shares of Snap (SNAP) fell 2.5% to $28.67 on the New York Stock Exchange. Snap's revenue for the third quarter came in at $1.06 billion, missing analysts' expectations of $1.07 billion on Thursday night. First quarter daily active users at Snap grew by 18 percent to 332 million. Analysts had predicted that 331 million people will be in attendance.(More)
SNAP REVENUE UP, SHARES DOWN
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When daily active users at Snapchat's parent business rose somewhat more than expected, the stock of social media company Snap fell.
Shares of Snap (SNAP) fell 2.5% to $28.67 on the New York Stock Exchange. Snap's revenue for the third quarter came in at $1.06 billion, missing analysts' expectations of $1.07 billion on Thursday night. First quarter daily active users at Snap grew by 18 percent to 332 million. Analysts had predicted that 331 million people will be in attendance.
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