Apple Stock Plunges 10% As Wall Street Digests Unappetizing iPhone Sales Forecast

Apple stock plunged to its lowest point in almost two years today, falling 10% after the company warned it would fall short of its own holiday sales forecasts.CEO Tim Cook sought to place the blame for worse-than-expected sales on China’s slowing economy and President Donald Trump’s trade war. He also acknowledged that iPhone sales are slowing, as consumers wait longer to replace their older smartphones.

https://deadline.com/2019/01/apple-stock-plunges-as-wall-street-digests-unappetizing-iphone-sales-forecast-1202528675/
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