Posted by on January 2, 2019 5:32 pm
Categories: µ Newsjones

Tim Cook cited unforeseen ‘magnitude’ of economic slowdown in China in a letter to shareholders explaining the change

Apple cut its revenue forecasts for the key end of year quarter late Wednesday, citing the unforeseen “magnitude” of the economic slowdown in China.

Related: US markets start 2019 with a whimper as Trump blames ‘glitch’ for 2018 losses

Continue reading…