Apple's stark warning may be ominous news for China | Stuff.co.nz: The world got a glimpse on Wednesday when Apple, the second-largest public tech company, lowered quarterly sales estimates for the first time in more than 15 years. Chief executive Tim Cook blamed the unforeseen "magnitude of the economic deterioration" in China, the world's largest smartphone market. Apple shares plummeted nearly 8 per cent in after-hours trading and pulled down a bevy of consumer stocks with exposure to the Chinese market.
No comments:
Post a Comment