What Made Apple Stock Plunge?
- 6 years ago
On Wednesday evening, Apple cut its revenue guidance for its crucial holiday quarter.
In a letter to shareholders, CEO Tim Cook noted iPhone weakness that primarily came from greater China.
Apple shares were down more than 9% early Thursday.
The company said it now sees fiscal first-quarter revenue of $84 billion.
That's below the $89 billion to $93 billion that it had previously expected.
In a letter to shareholders, CEO Tim Cook noted iPhone weakness that primarily came from greater China.
Apple shares were down more than 9% early Thursday.
The company said it now sees fiscal first-quarter revenue of $84 billion.
That's below the $89 billion to $93 billion that it had previously expected.