Apple shares fell in premarket trading after the company reported quarterly results. Revenue came in above expectations, but iPad sales missed estimates, and the margin forecast disappointed investors. Apple is dealing with a global memory chip crunch and a scramble for computer components, which is raising concerns about costs.
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Palantir shares dropped sharply in premarket trading despite beating Wall Street’s estimates. U.S. commercial revenue topped government revenue for the first time, a notable milestone for the data analytics firm. Investors focused instead on slower growth in U.S. commercial contract bookings, which raised questions about how quickly demand will keep expanding.
