Apple Issues Profit Warning, Cuts Revenue Outlook By $9 Billion Amid Pricey iPhone Sales Drop

tomorrow’s prices Apple CEO Tim Cook issued the Silicon Valley company’s first profit warning in 16 years, knocking $9 billion off its revenue outlook for the December quarter blaming the drop in iPhone sales on China’s slowing economy and consumers savvy-ness rather than on years of price gouging and the lack of product innovation. (Photo … Read more Apple Issues Profit Warning, Cuts Revenue Outlook By $9 Billion Amid Pricey iPhone Sales Drop