On Apple forecast iPhone sales dropped and targeted overall revenue $6 billion below Wall Street expectations as its China business took a hit. This dominated overall fiscal first-quarter sales and profit that beat analysts’ targets, powered by iPhone growth, sending Apple shares down 3% in after-hours trade. The results confirmed some analysts’ concerns that the … Read more
Apple CEO Tim Cook told attendees at Apple’s annual shareholder meeting that the company would start selling its products online in India later in 2020. Apple announces to open its first official retail store in India in 2021. The tech firm was waiting for government approval to run the branded stores itself rather than relying … Read more
The Tech Giant Apple has warned that disruption in China from the coronavirus will mean revenues falling short of forecasts. BBC reported that Tech Giant Apple said production and sales affected, and that “worldwide iPhone supply will be temporarily constrained”. Apple, which had forecast record revenues of up to $67bn in the current quarter, did … Read more
