Red Lake Nation News - Babaamaajimowinan (Telling of news in different places)

Apple drops iPhone bombshell on already reeling stock market

 

January 3, 2019

Wang Gang – Wang gang - Imaginechina

Apple made a rare warning Wednesday that its quarterly revenue would come in below its previously-forecast range. The company cited lower than expected sales of iPhones, iPads and Mac computers in China, its third-largest market. File photo

SAN FRANCISCO - Apple acknowledged that demand for iPhones is waning, confirming investor fears that the company's most profitable product has lost some of its luster.

The reckoning came in a letter from Apple CEO Tim Cook to the company's shareholders released after the stock market closed Wednesday.

http://www.startribune.com/apple-sees-further-weakness-in-iphone-sales/503813952/



 

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