• Here's What Analysts Are Saying About Apple's Slowing iPhone Sales

    2 monthes ago - By Fortune

    Apple kicked in the New Year by revealing that sales of the company's flagship iPhone are slowing, resulting in the company revising its first quarter 2019 revenue guidance to $84 billion instead of the $89 billion and $93 billion it projected just a few months ago.
    In a letter to investors published Wednesday, Apple CEO Tim Cook pointed to two problems in particular that led to the sudden move: Economic weakness in emerging markets that impacted Apple more than it expected, and fewer iPhone upgrades that the company also failed to anticipate.
    Wall Street did not take kindly to the news...
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  • Apple's warning and stock slide is harbinger, says Lake Ave's Chalekian

    2 monthes ago - By Reuters

    Lake Avenue Financial CEO Alex Chalekian tells Reuters Fred Katayama investors could expect to see more companies follow Apple's revenue warnings with red flags of their own.
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  • Apple's brutal sales warning sparked a Wall Street debate on whether tech stocks will be dragged into a disastrous downturn

    Apple's brutal sales warning sparked a Wall Street debate on whether tech stocks will be dragged into a disastrous downturn

    2 monthes ago - By Business Insider

    Apple sent shockwaves through global markets on Wednesday with its first earnings warning in 16 years.
    The firm had a shopping list of issues to pin blame on, but Wall Street bankers and analysts told Business Insider that some problems are of its own making.
    The company is more exposed to troubles in China than other tech firms, and has yet to find a product that can be the iPhone's successor.
    Some on Wall Street say this means it's business as usual - not everyone in tech is exposed to the same market forces as Apple.
    Other analysts think it could signal that the best days of growth are...
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  • Here's how Apple's shocking sales warning could be foreshadowing trouble in the oil market

    Here's how Apple's shocking sales warning could be foreshadowing trouble in the oil market

    2 monthes ago - By Business Insider

    Apple's surprise sales warning is being driven by forces that could end up hurting the oil market.
    China is the world's largest oil importer, and a continued manufacturing slowdown could have a damaging ripple effect.
    Apple's big reveal yesterday that China's economic slowdown will dampen revenues shows one reason why oil prices face headwinds despite OPEC's move to dial back production.
    Why it matters: The tech giant's warning points to economic clouds that could also affect other sectors - including oil, which is already under pressure from rising U.S. supplies.
    "The slowdown in China...
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  • Warning signs are flashing about the Chinese economy

    2 monthes ago - By ETF Daily News

    From Dawn Kopecki : Apple lowered its first-quarter revenue projection, blaming a slowing economy in China and the trade war for a drop in consumer demand.
    The trade war between the world's two largest economies is starting to slow their pace of growth, especially in China.
    Stocks in Asia were mostly lower Thursday and U.S. futures pointed to another volatile session for Wall Street following Apple's forecast.
    The Trump administration's trade war is sending a bit of a chill across the Chinese economy, and that has U.S. executives over a wide swath of industries bracing for a tough...
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  • Apple's surprise warning to shareholders marks the first time the company has had to do this in 16 years

    Apple's surprise warning to shareholders marks the first time the company has had to do this in 16 years

    2 monthes ago - By Business Insider

    Apple told investors on Wednesday to expect revenue from its holiday quarter to be around 8% lower than previously anticipated.
    CEO Tim Cook largely blamed weak iPhone sales, "primarily" in China. The company saw its stock plunge in after-hours trading and when the market opened on Thursday.
    The last time Apple made such a shocking announcement was in 2002, years before the introduction of the iPhone.
    On Wednesday, Apple announced revenue for its holiday quarter would be significantly lower than expected. This is a warning so rare for the company that the last time it issued a similar...
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