Apple issued a rare revision to its earnings guidance earlier this week, cautioning investors that the company is anticipating to generate a few billion dollars less in revenue than initially expected. Predictably, shares of Apple absolutely tanked as a result and are now trading at a level we haven’t seen since mid-2017.
In a letter to investors on the topic, Apple CEO Tim Cook squarely laid all the blame on a lower number of iPhone sales for the quarter. Specifically, Cook said that poor iPhone sales in China was the main reason behind Apple’s revised guidance.
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Trump advisor says China stole Apple technology, but provides zero evidence originally appeared on BGR.com on Fri, 4 Jan 2019 at 19:06:03 EDT. Please see our terms for use of feeds.
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