It’s wrong to surmise that Apple’s warning about weaker than expected iPhone sales is the beginning of the end of the iconic product, but it is entering a new phase, analysts have said.
The fast-rising Chinese company has demoted and cut the pay of two employees held responsible for a New Year’s greeting tweeted from Huawei’s official account and sent with an iPhone.
Apple CEO Tim Cook told employees he won’t blame “external factors” for selling fewer iPhones than anticipated during the holiday quarter.
Apple for the first time in almost two decades lowered its revenue outlook citing fewer than expected upgrades to new iPhones, weakness in China’s economy and supply constraints to newer models of the Apple Watch, iPad Pro and AirPods.
Move over, Netflix: Apple will be the best performing “Faang” stock in 2019, according to veteran analyst Gene Munster.