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7 Red Flags for Apple's Future

TheMotleyFool

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Apple (NASDAQ: AAPL) posted its latest earnings report on Feb. 2. For the first quarter of fiscal 2023, which ended on Dec. 31, the tech giant's revenue fell 5% year over year to $117.15 billion and missed analysts' estimates by $4.5 billion. Its diluted earnings dropped 10% to $1.88 per share, which also missed the consensus forecast by $0.07.

That represented Apple's steepest revenue decline since 2016, but its stock still advanced on Feb. 3 as investors shrugged off the bad news. Let's review the seven red flags that appeared across Apple's earnings report -- and if those challenges will tarnish its reputation as a top blue chip tech stock for long-term investors.

Image source: Apple.

Source Fool.com

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