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Business News » World News

Apple lowers quarterly revenue forecast

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Apple Inc on Wednesday said its current quarter revenue will be lower than its original forecast, citing fewer iPhone upgrades and weakness in emerging markets.

"While we anticipated some challenges in key emerging markets, we did not foresee the magnitude of the economic deceleration, particularly in Greater China," Chief Executive Officer Tim Cook said in a letter to investors.

(This article has not been edited by Zeebiz editorial team and is auto-generated from an agency feed.)

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Economy
Updated: Thu, Jan 03, 2019
03:17 am
Reuters
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