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Apple Falls On iPhone Sales Issues

Video Credit: Wochit Business - Duration: 00:49s - Published < > Embed
Apple Falls On iPhone Sales Issues

Apple Falls On iPhone Sales Issues

Apple on Wednesday evening cut its revenue guidance for its crucial holiday quarter.

In a letter to shareholders, CEO Tim Cook noted iPhone weakness that primarily came from greater China.

Apple shares were down 8% early Thursday.

The company said it now sees fiscal first-quarter revenue of $84 billion, below the $89 billion to $93 bilion that it had previously expected.


Apple Falls On iPhone Sales Issues


6, 2018, PHOTO

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