Apple forecast misses estimates

Apple’s revenue forecast for the second quarter yesterday was below market expectations, adding to concerns of a plateau in demand for its newer iPhones, including the anniversary edition iPhone X.

Apple forecast misses estimates

Apple’s revenue forecast for the second quarter yesterday was below market expectations, adding to concerns of a plateau in demand for its newer iPhones, including the anniversary edition iPhone X.

The company forecast second-quarter revenue between $60bn and $62bn, while analysts on average were expecting $65.73bn, according to Thomson Reuters I/B/E/S.

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