You might recall that back in August 2018, Apple became the . The stock continued to rally until January 2nd, 2019 when cut its revenue forecast for its fiscal first quarter of 2019 from a range between $89 to $93 billion to $84 billion. A number of factors were to blame for the shortfall including currency translation; because the dollar was stronger than the Chinese Yuan, iPhone sales in China brought fewer dollars into Apple's coffers preventing the company from meeting or exceeding its guidance for the quarter.
Wall Street does not like surprises and as far ...
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from PhoneArena https://ift.tt/2IhjG23
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