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Apple lowers holiday quarter guidance on lower than expected iPhone sales
rogifan_new said:Mike Wuerthele said:Two key takeaways here.
1) Cook said to CNBC that over 100% of the difference in estimates from the guidelines and today is from China. That means that (World - China) revenues were better than Apple had expected.
2) At $84B, this will be Apple's second-highest quarter ever.
(also, came for idiotic "this wouldn't have happened if Jobs was in charge" takes, and wasn't disappointed.)
https://www.apple.com/newsroom/2019/01/letter-from-tim-cook-to-apple-investors/
While Greater China and other emerging markets accounted for the vast majority of the year-over-year iPhone revenue decline, in some developed markets, iPhone upgrades also were not as strong as we thought they would be. While macroeconomic challenges in some markets were a key contributor to this trend, we believe there are other factors broadly impacting our iPhone performance, including consumers adapting to a world with fewer carrier subsidies, US dollar strength-related price increases, and some customers taking advantage of significantly reduced pricing for iPhone battery replacements. -
Apple lowers holiday quarter guidance on lower than expected iPhone sales
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Apple lowers holiday quarter guidance on lower than expected iPhone sales
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Apple lowers holiday quarter guidance on lower than expected iPhone sales
ericthehalfbee said:What's that "splat" sound you hear?
It's millions of haters/losers/idiots all over the world having a collective orgasm at hearing this news. Seems they can only be happy when there's bad news about Apple.