Apple Earnings: Income Slip, iPhone Gross sales Fall Manner In need of Estimates

Apple's fiscal Q1 income and income fell, marking the primary time the corporate needed to report such dismal numbers for this explicit quarter in additional than 10 years. The culprits behind the declines have been slowing iPhone gross sales and China's financial downturn. Apple CEO Tim Cook dinner speaking about China on the corporate earnings name moments in the past. Right here's what he stated: — CNBC's Quick Cash (@CNBCFastMoney) January 29, 2019 The tech large’s earnings per share and income did beat analyst estimates. This was regardless of iPhone gross sales coming in decrease than estimates. Apple had warned traders concerning the anticipated decrease gross sales on the

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