Apple CEO Tim Cook issued a letter today, revising guidance for the company’s Q1 fiscal results. Per the letter, revenue has been shifted from an initial projection of between $89 billion and $93 billion to $84 billion. The note highlights a number of reasons for dropping the number, including, perhaps most notably, lower than expected results in emerging markets.
“While we anticipated some challenges in key emerging markets, we did not foresee the magnitude of the
Read More At Article Source | Article Attribution
The post Apple lowers guidance on Q1 results, cites China trade tensions appeared first on RocketNews | Top News Stories From Around the Globe.