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Apple's cautious outlook looms over US$111B sales haul Mark Gurman, Bloomberg News Apple Inc. shares slid 2.9 per cent in premarket trading Thursday after a cautious outlook from executives overshadowed quarterly revenue that topped US$100 billion for the first time. While the company didn’t provide an official forecast for the fourth quarter in a row, executives said sales growth from AirPods and other wearables will decelerate in the current quarter. They also warned that Services sales in the period will face tougher comparisons with a year earlier. Overall, however, analysts saw the ...

VMware saw its shares slip over 7% on Wednesday amid news CEO Pat Gelsinger is headed to Intel. CFO Zane Rowe will step into the interim CEO role.

VMware stock drops over 7% after news that CEO Pat Gelsinger will head to Intel Will DanielJan 14, 2021, 05:52 IST Former VMware CEO Pat GelsingerVMware Shares of VMware, Inc. slipped over 7% Wednesday on news the company's CEO Pat Gelsinger is headed to Intel. Gelsinger will be replaced by CFO Zane Rowe in the interim while the board and majority stakeholder Dell Technologies decide on a replacement. Michael Dell, Chairman of the Board at VMware, commented on Gelsinger's departure, saying, "I speak for the VMware Board of Directors, executive management and employees in expressing our gra...