The annual new iPhone roll out this year was a bust….
The new iPhone X models sales are lagging here in America and in the large Chinese markets…
It’s so bad that the company is actually selling remanufactured iPhone X’s at cut prices along with new phones…
The company WAS a computer company ….
Now it gets most of its revenue from phones that have camera’s and computers in them and watches that tell time and have computers in them….
The company has not upgraded its desktop computers for almost a decade….
Of course Apple IS an American multinational company and there IS Trump’s tariff war going on with China….
Apple warned Wednesday that revenue from its holiday quarter will fall short of prior estimates, a rare occurrence for the iPhone maker.
Why it matters: Apple is one of the world’s biggest companies and a significant driver of the tech economy. The company said it now expects revenue of around $84 billion, down from a prior estimate of between $89 billion and $93 billion.