Tech Stocks Down After Apple, Akamai Earnings - Tech Roundup

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Shares of tech companies declined after disappointing earnings for Apple and others. Apple's shares fell after the computer and gadget giant said shares of its flagship product, the iPhone, slipped 1% from a year earlier. But the stock, which hit an all-time high Tuesday, recouped some of those losses late in the session. Shares of Internet bandwidth and security company Akamai Technologies slid after its chief executive cited "do-it-yourself efforts of 6 of the largest internet platform companies" for a slowdown in media-delivery revenue. That unit was long the prime source of revenue for a pioneer in video over the internet technology.

-Rob Curran,

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May 03, 2017 16:43 ET (20:43 GMT)