Apple blames China as it cuts forecast | BBC News


Apple has rattled investors with news that its sales have been slowing, blaming economic weakness in China.

In a surprise disclosure, the iPhone maker said it anticipated revenue of about $84bn (£67bn) for the three months to 29 December.

In November it forecast sales of at least $89bn – a prediction that had already disappointed investors.

Apple’s share price sank more than 7% in after hours trade, extending its more than 28% slide since November.

The festive season is typically Apple’s strongest quarter.

Read More

Leave a comment