Stocks under pressure after Apple downgrade shock – business live

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Asian markets fall following phonemaker’s warning of lower revenue

 

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Nevermind China, Apple have largely priced out their customers with extreme pricing on often less than compelling products.

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Global tech stocks pummelled after Apple issues warningApple's rare revenue downgrade hits stocks but the FTSE 100 changed little as Next tops leader board after trading update. I've never seen the wheel reinvented so many times in my life. Rotten Apple.? Why would anyone upgrade their iPhones for £1500? Apple just does not care about its customers, as a family we switched to Android, that’s 5 phones apple lost out on, most of my friends have also switched to Android, cheaper phones, may not be as good, but cheaper.
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Apple stocks tumble after company cuts forecasts for key quarterTim Cook cited unforeseen ‘magnitude’ of economic slowdown in China in a letter to shareholders explaining the change Now you see why Huawei is suddenly a 'security risk' Charging £1000 for a phone that Chinese brands can match for £300-£400 is not the issue though. Apple led the way in designing better phones, others copied its strategy to beat it with lower prices. Hand held phones are no more fashion items The world wants something new, something different Will Apple lead the way
Source: The Guardian - 🏆 84. / 53 Read more »