Thursday, January 3, 2019

Apple lowers revenue guidance to $84B after previously projecting $89B-$93B, says it saw fewer iPhone upgrades than expected; stock down ~7% after hours (Steve Kovach/CNBC)

Steve Kovach / CNBC:
Apple lowers revenue guidance to $84B after previously projecting $89B-$93B, says it saw fewer iPhone upgrades than expected; stock down ~7% after hours  —  Apple has lowered its Q1 guidance in a letter to investors from CEO Tim Cook Wednesday.  —  Apple stock was halted in after-hours trading …



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