Apple: announces warning on revenues
(CercleFinance.com) - In a public letter sent to investors on Wednesday evening, Apple's CEO Tim Cook announced a downward revision in the company's revenue forecast for its first accounting quarter (ended 29 December).
Thus, Apple now expects revenues of about 84 billion dollars over the past quarter, compared to a previous target range of 89 billion to 93 billion dollars presented in early November 2018.
Tim Cook largely justifies this reduction by a significantly greater-than-expected impact from the weakness of some emerging economies - particularly China - which has badly hit iPhone sales.
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