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 Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s