Apple's Sales Guidance Misses
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hardware revenue growthInvestor's Business Daily
•Apple stock slides after offering weak sales guidance for the December quarter
73% Informative
Analysts say iPhone 16 upgrade cycle is taking longer to materialize due to slow rollout of Apple 's much-touted artificial intelligence features.
Apple beat Wall Street's targets for its fiscal fourth quarter ended Sept. 28 .
But Apple 's fiscal first-quarter guidance missed estimates.
Apple stock fell 1.3% to close at 222.91 .
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