Apple delivers bombshell China warning [telecom]

CNN reported that Apple warned it will badly miss its quarterly sales forecast because of weakening growth and trade tensions in China. Apple (AAPL), among the world's most widely held stocks, plummeted 10%. Apple's iPhone price hikes may have hurt demand, especially as customers upgrade their smartphones less frequently.

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see also: Apple Cuts Revenue Forecast Because of Slow iPhone Sales in China

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