So, Apple’s rare profits warning - disseminated to the market at the start of the first trading week this year - serves as a red flag for market watchers. Apple stopped disclosing iPhone unit sales in November, a move that spooked investors and analysts alike who decided that this meant that iPhone sales would be soft. Revenues are set to come in at $84 billion, versus a previous guided range of $89 billion to $93 billion. Some industry analysts think iPhone demand has slowed, especially for the iPhone XR and iPhone XS models. And, Apple CEO Tim Cook, has cited and blamed slowing sales in China and the battery replacement program.

Source: Forbes January 06, 2019 18:33 UTC