Apple warns investors that iPhone sales are weak


Apple CEO Tim Cook warned investors today that weak iPhone sales could translate into revenue shortfalls in the billions of dollars. Cook blames the expected revenue drop on fewer-than-expected iPhone upgrades and weakened demand in China. “While we anticipated some challenges in key emerging markets, we did not foresee the magnitude of the economic deceleration, […]

(via Cult of Mac - Tech and culture through an Apple lens)

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