Apple disappoints investors with tepid forecast, China weakness
1/11/2024 6:28
Apple Inc., heading into its most critical sales period of the year, sparked fresh concerns about revenue growth and lingering weakness in an intensely competitive China market.
Following the company’s quarterly earnings report, Apple said that total sales in the December period will rise by a percentage in the low-to-middle single digits. Analysts had been projecting a 7% increase. The company also posted a decline in China revenue last quarter, falling short of estimates.
Source: Bloomberg
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