AAPL Downgraded After High-Priced Mixed Reality Headset & GTLB Earnings

Apple unveils new mixed reality headset "Apple Vision Pro." The Vision Pro "seamlessly" blends digital world with the real world. The new headset offers only a modest increase in near-term sales and profit outlook due to high price and lack of content, notes D.A. Davidson. Jenny Horne discusses this as D.A. Davidson downgrades AAPL to neutral from buy. She also talks about GitLab's (GTLB) earnings which were released yesterday, June 5th, postmarket. Its adjusted EPS came in at -$0.06 versus an estimated -$0.14 and its revenue came in at $126.90M versus an estimated $117.64M. Tune in to find out more about the stock market today.

Futures

06 Jun 2023

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