Apple cuts sales forecast as China sales weaken; iPhone pricing in focus

Apple cuts sales forecast as China sales weaken; iPhone pricing in focus

5 years ago
Anonymous $L9wC17otzH

https://www.reuters.com/article/us-apple-forecast/apple-cuts-sales-forecast-as-china-sales-weaken-iphone-pricing-in-focus-idUSKCN1OW1O6

Apple Inc on Wednesday took the rare step of cutting its quarterly sales forecast, with Chief Executive Tim Cook blaming slowing iPhone sales in China, whose economy has been dragged down by uncertainty around U.S.-China trade relations.

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