SAN FRANCISCO | Apple sees a significant slump in iPhone sales

2Jan - by Editor - 0 - In STL.News

SAN FRANCISCO —Jan 02, 2019 — Apple acknowledged that demand for iPhones is waning, fulfilling the worst fears of investors concerned that the company’s most profitable product has lost some of its luster.

The reckoning came in the form of a warning that Apple CEO Tim Cook delivered to the company’s shareholders in a letter released after the stock market closed Wednesday.

Cook said Apple’s revenue for the quarter including the crucial holiday shopping season will fall well below Apple’s earlier projections and those of analysts, whose estimates sway the stock market.

Continue reading SAN FRANCISCO | Apple sees a significant slump in iPhone sales at STL.News.

Source link