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Apple cuts quarterly sales outlook on fewer iPhone upgrades, slower Chinese economy

Thursday 3 January 2019 | 08:35 CET | News

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Apple has lowered its revenue guidance for the December quarter, blaming a slowdown in iPhone sales, particularly in China. The company now expects revenue of US 84 billion for its fiscal first quarter to 29 December 2018, down from earlier guidance of USD 89-93 billion and a reported USD 88.3 billion in the year-earlier period.  

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Categories: Mobile & Wireless
Companies: Apple
Countries: World
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