After surprise guidance cut, what's next for Apple?

Slowing sales in China and fewer iPhone upgrades are the main reasons for the lowered revenue guidance, Apple said.PHOTO: EPA-EFE

In a surprise move last week, Apple slashed its quarterly revenue guidance to US$84 billion (S$115 billion) via a letter to investors from CEO Tim Cook.

The company previously projected revenue of between US$89 billion and US$93 billion for its fiscal 2019 first quarter, which ended on Dec 29 last year.

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