Apple’s 2019 didn’t get off to a promising start. On January 2, Tim Cook penned a letter to investors and confirmed that iPhone sales during the holiday quarter were much lower than Apple initially anticipated. Consequently, Apple lowered its revenue guidance for the quarter by a few billion and, as you might expect, shares of Apple quickly plummeted in the aftermath.
Though Cook said that 100% of Apple’s revenue shortfall could be attributed to poor sales in China, that didn’t stop some pundits from bringing out the old and somewhat tired claim that we’ve finally reached peak iPhone and that Apple has nowhere to go but down at this point.
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Top Apple insider claims iPhone demand isn’t as low as everyone says originally appeared on BGR.com on Mon, 28 Jan 2019 at 09:37:12 EDT. Please see our terms for use of feeds.
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