Smartphone sales are struggling, and Apple is now feeling the pinch from that decline. The tech firm has lowered its guidance for its first fiscal quarter (October to December of last year) from a minimum of $89 billion down to $84 billion due to a variety of factors, most notably due to "fewer iPhone upgrades than we had anticipated." Most of the shortfall, Apple said, stemmed from China's weak economy.
Source: Apple Newsroom
Apple blames China struggles and slow iPhone upgrades for earnings miss posted first on https://www.engadget.com
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