Twitter shows Apple what a poor result really looks like

Intelligent Investor

Independent Financial Research

Whilst the headlines have focussed on Apple selling fewer iPhones, Twitter is the tech company with big, enduring problems. Two of Silicon Valley’s biggest names took a beating yesterday. Apple (NASDAQ:AAPL) and Twitter (NYSE:TWTR) share prices fell 8% and 14% respectively in after-hours trading, following the release of their latest quarterly earnings figures. Although the company met its own guidance it didn’t meet Wall St’s higher expectations. For the first time in 13 years, Apple sales actually fell. But perhaps Twitter is the stock that investors should really be focusing on. Its results were far worse than Apple’s. Twitter added only 5 million monthly active users (MAUs) in the quarter, taking total active users to 310 million. Compared with Facebook (NASDAQ:FB), which has around 1.5 billion MAU’s and another 1.4 billion spread over its WhatsApp and Instagram platforms, Twitter remains a niche. Even more damning is that it recorded no active user growth in the USA, where 65% of its advertising revenue comes from. Read full article here: (VIEW LINK)


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Independent Financial Research

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