What Made Apple Stock Plunge?

Hosted by Dailymotion. For legal issues report at the Copyright Center, report us on DMC, or use the Instant Removal tool.

What Made Apple Stock Plunge?

E
Entertainment (now)

3 Views • Jan 04, 2019

Description

On Wednesday evening, Apple cut its revenue guidance for its crucial holiday quarter.
In a letter to shareholders, CEO Tim Cook noted iPhone weakness that primarily came from greater China.
Apple shares were down more than 9% early Thursday.
The company said it now sees fiscal first-quarter revenue of $84 billion.
That's below the $89 billion to $93 billion that it had previously expected.