Apple's future

Analyst: The market is worried about Apple's sales

Apple's unexpectedly weak revenue forecast ahead and concerns that strong iPhone sales will fade pressured the stock in after-hours trading after the interim report, according to analysts.

“I think investors are worried that the quarter reflected a temporary buying spree that won’t last,” Technalysis Research analyst Bob O’Donnell told Reuters after Thursday night’s report.

DA Davidson analyst Gil Luria noted that the services business has already slowed down and that growth will slow even more if iPhone sales return to a more normal level.

The stock fell more than 6 percent in after-hours trading after the report.

Apple delivered in Cook’s farewell speech

Apple reported sales and profit figures that exceeded Wall Street expectations in the quarter that ended in June.

iPhone sales rose 22 percent. Mac sales rose 29 percent.

Earnings per share were $2.02. Expectations were $1.89, according to CNBC. But the figures are not entirely comparable. 11 cents of the profit per share can be linked to customs refunds, writes Reuters.

Revenue of $ 109.42 billion marginally beat expectations.

– Today, Apple is proud to report our strongest June quarter ever, with double-digit revenue growth for iPhone, Mac and services and in all geographic segments, said Tim Cook, Apple's CEO, in the report commentary.

The stock fell more than 6 percent in after-hours trading.