Apple warns investors that iPhone sales are weak

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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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