• Apple plunges after slashing revenue guidance for its holiday quarter

    14 days ago - By Business Insider

    Apple on Wednesday evening cut its revenue guidance for its crucial holiday quarter.
    In a letter to shareholders, CEO Tim Cook noted iPhone weakness that primarily came from greater China.
    Apple shares were down 8% early Thursday.
    Watch Apple trade live .
    Apple shares were under pressure Thursday morning, down more than 8%, after CEO Tim Cook sent a letter to shareholders warning that revenue for the crucial holiday quarter was going to come in below expectations .
    The company said it now sees fiscal first-quarter revenue of $84 billion, below the $89 billion to $93 billion that it had...
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  • 10 things you need to know before the opening bell

    10 things you need to know before the opening bell

    15 days ago - By Business Insider

    Here is what you need to know.
    Apple warns China is slowing down. CEO Tim Cook sent a letter to investors on Wednesday that cut Apple's first-quarter guidance, citing a slowdown in China's economy.
    Major Apple suppliers are getting pounded. The facial-recognition-sensor maker AMS plunged as much as 17% Thursday, while the chipmaker Dialog Semiconductor shed 8%.
    Stocks are under pressure. Apple slid 8% in after-hours trading, taking down other tech names with it. The S&P 500 was set to open lower by 1.65% after China's Shenzen Composite fell 0.8% and the Euro Stoxx 50 was down 1.08%.
    A...
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  • 10 things you need to know before the opening bell

    10 things you need to know before the opening bell

    15 days ago - By Business Insider

    Here is what you need to know.
    Apple warns China is slowing down. CEO Tim Cook sent a letter to investors on Wednesday that cut Apple's first-quarter guidance, citing a slowdown in China's economy.
    Major Apple suppliers are getting pounded. The facial-recognition sensor-maker AMS plunged as much as 17% Thursday while chipmaker Dialog Semiconductor shed 8%.
    Stocks are under pressure. Apple slid 8% in after-hours trading, taking down other tech names with it. The S&P 500 was set to open lower by 1.65% after China's Shenzen Composite fell 0.8% and the Euro Stoxx 50 was down 1.08%.
    A 'flash...
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  • Apple tanks after cutting forecast

    Apple tanks after cutting forecast

    15 days ago - By Reuters

    Apple on Wednesday cut its sales forecast for its latest quarter, with Chief Executive Tim Cook blaming slowing iPhone sales in China. Yahaira Jacquez reports.
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