Authorization

Apple cuts sales forecast as US-China trade war bites

By John-Paul Ford Rojas, business reporter
Apple boss Tim Cook has blamed the US-China trade war as he warned that quarterly sales for the iPhone maker would fall short.
Shares in the California-based tech giant fell 8% in after-hours trading after Mr Cook said it now expected revenues of around $84bn (€67bn) in the three months to 29 December, down from previous guidance of $89bn-$93bn.
Mr Cook said that while Apple had expected challenges in key emerging markets, it "did not foresee the magnitude of the economic deceleration, particularly in Greater China".
See also:
Leave a comment
News
  • Latest
  • Read
  • Commented
Calendar Content
«    Март 2021    »
ПнВтСрЧтПтСбВс
1234567
891011121314
15161718192021
22232425262728
293031