Investors Are Waiting For Apple’s Performance Report Of Last Quarter Which WIll Show Badly The Company Performeddate_range
On Tuesday the investors of the company will get a better chance to look at how poorly Apple performed regarding sales of its iPhone units. Recently CEO of the Company Tim Cook said that they’re expecting a 15% less amount of iPhone sales which made every investor of the company worried about the future. A few days ago Tim Cook publicly said that the company is expecting a slow growth of its sales for December’s ending quarter. However, the blame which Cook has put is on China’s shoulder because according to him due to the slow growth of the country’s economy has negatively affected the company’s sales performance. China while because of trade war disputes is facing lots of problems due to which consumer power has also diminished which is severely impacting on the sale of iPhones.
There are many reports which state that the sale of newly launched iPhones in the Asian market especially Chinese has drastically declined in these last three months. Now due to which situation the company is expecting its revenues to be around $84 billion which are shorter because earlier Apple predicted that they might earn in between $89 to $94 billion. Now there is a clear indication that the company is not doing anything good which is impacting on its sales performance. However, not only the iPhone but the company’s signature products like Macbook, iPad’s sales have also diminished in the Chinese market.
A few days ago the company announced that it is not going to officially show the units of iPhones which they sold due to which many investors got worried about Apple’s new policy. Apple has never given any earning warning in the last 15 years, and this is the first time th company’s expecting the bad amount of sales. However, everything will be evident when the company’s going to release its official report of previous quarters performance.