Analyst cuts profit forecasts for Apple due to ‘materially weaker’ iPhone demand

Analyst cuts profit forecasts for Apple due to ‘materially weaker’ iPhone demand

6 years ago
Anonymous $CLwNLde341

https://www.cnbc.com/2018/04/26/bernstein-cuts-profit-forecasts-for-apple-due-to-materially-weaker-iphone-demand.html

Apple's third-quarter financial results will significantly disappoint Wall Street expectations due to weak iPhone sales, according to a Bernstein analyst.

The firm predicts the smartphone maker will forecast revenue in the range of $47 billion to $49 billion for its June quarter versus the analyst average of $51.9 billion when it reports financial results on Tuesday, May 1.