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Apple CEO Tim Cook poses for a selfie with a customer during a visit to the Apple Store Thursday, March 31, 2016, in Palo Alto, Calif. (AP Photo/Eric Risberg)

Apple, Twitter report less-than-stellar earnings


Tech earnings are in full swing. Kicking things off are Twitter and Apple.

Twitter reported less-than-stellar results that sent shares sliding some 10 percent Tuesday after the end of trade.

Though the micro-blogging platform topped analysts' earnings expectations and did manage to add three million new users in the past quarter, it missed the mark on sales and its outlook for the third-quarter isn't super cheery.

Meanwhile, Apple beat fiscal third quarter estimates by a mile, and despite a 27 percent drop in profit -- no thanks to slumping iPhone sales two quarters in a row -- its shares perked up after hours.

Twitter's user growth is still painfully slow, hence the steep stock drop in recent months.

Also, investors are still weary of CEO Jack Dorsey running both Twitter and Square.

As for Apple, the tech titan posted its first-ever drop in iPhone sales last quarter.

Everyone's eyes are already on next quarter to see how iPhone sales will fare. In the meantime, for this quarter, Apple reported 40.4 million iPhones sold, compared to 48 million a year ago. For the record, analysts expected 40 million iPhones sold.

Apple also sold slightly fewer iPads, Macs and smartwatches.

According to CNBC, as far as Apple CEO Tim Cook is concerned, he feels "fantastic" about how the iPhone did this quarter and expects it to be "more important than ever" looking ahead.

For both brands, attracting consumers (getting users to sign up for Twitter or buy iPhones) will be a priority ahead of next quarter.

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