The news sent Apple shares tumbling in after-hours trade, hammered Asian suppliers and triggered a broader selloff in global markets.
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Asian shares tumble after rare revenue warning from AppleEquities fall as tech giant’s warning adds to worry about slowing global growth and weaker earnings
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China retailers slash iPhone prices after Apple sales warning | IOL Business ReportSeveral Chinese electronics retailers including Alibaba-backed Suning and JD.com have slashed iPhone prices this week.
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Asian geopolitics are increasingly contentious with China (and Trump) playing its partIts neighbours are well aware of China's expansion and investment ambitions, as well as their need to stay suitably pliable, writes Ian Bremmer
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Apple cuts outlook, sees 'challenges' in China, emerging markets - SABC News - Breaking news, special reports, world, business, sport coverage of all South African current events. Africa's news leader.Apple cut its revenue outlook for the latest quarter Wednesday, citing steeper-than-expected “economic deceleration” in China and emerging markets. The rare revenue warnings from Apple suggested weaker-than-anticipated sales of iPhones and other gadgetry, in part because of trade frictions between Washington and Beijing. Apple shares slid some 7.6 percent in after-hours trade on the news. …
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Hyundai posts first net loss in eight years as China sales take a knockSouth Korea's Hyundai Motor surprised the market on Thursday by posting its first quarterly net loss in at least eight years as its vehicle sales skidded in the key China market. China's sputtering car market adds to the troubles of Hyundai, which has been already grappling with the lack of attractive models and strong brands in its biggest market.
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Hyundai is cutting jobs in China after sales slumpHyundai Motor said its Chinese joint venture is accepting voluntary retirements from employees and reviewing various 'optimization plans' at its factories in the country, following a slump in car sales. China, the world's biggest car market, suffered its first sales contraction in more than two decades last year due to pressure from a crippling Sino-U.
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