5 years ago
Apple is basically blaming Trump’s trade war for disappointing iPhone sales in China
Apple stock trading was halted on Wednesday when the company dropped its revenue expectations nearly 8 percent to $84 billion from its average guidance in November. Apple had previously said it expected $89 billion to $93 billion in sales for the holiday quarter, which ended December 29. The company blamed “emerging market challenges” and lackluster iPhone sales. In both instances, China was a driving force behind the lower-than-expected numbers, the company said.
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