"In fact, most of our revenue shortfall to our guidance, and over 100 per cent of our year-over-year worldwide revenue decline occurred in Greater China across iPhone, Mac and iPad", Cook said.
It is rare to hear that iPhone buyers prefer to replace their battery rather than upgrade to a new iPhone, which of course also suggests the converse - that Apple has been benefitting from the throttling of older iPhones and the high cost of replacing their batteries to drive sales. "The government-reported GDP growth during the September quarter was the second lowest in the last 25 years", said Cook in a letter to Apple shareholders.
CEO Tim Cook made the announcement after were market closed.
Apple's plan to improve results, he said, consists of making it simpler to trade in a phone at Apple Stores, finance phone purchases over time, and get help transferring data from a current phone to a new phone, among other things.
As Hassett spoke to Poppy Harlow on CNN, he was asked about how the Dow is down by more than 500 points today after Apple's shares dropped by 9% amid a weak sales forecast.
In addition, the holiday quarter was big for Apple's wearables business.
Hassett argued that a softer economy in China is cutting into USA companies' sales there and that the economic pain gives Trump leverage in ongoing trade negotiations. Apple's stock was down almost 9 percent.
But Cook also listed this among the factors: "Some customers taking advantage of significantly reduced pricing for iPhone battery replacements".
On January 2, Tim Cook, the CEO of Apple, wrote in a letter to the investors of the company that the firm's projected revenue is expected to be lower than its initial expectation. It didn't have the latest and greatest specs to satisfy the hardcore Apple fanboy, but at $750, it is still a fairly expensive upgrade for consumers used to that baseline $650 for a new iPhone.
Apple's tech peers saw modest declines in a down market but not on the same scale as the Apple sell off. Netflix was just barely into green territory.
Financial markets have started the new year in much the same rocky way as they ended 2018.
Berreth, a 29-year-old mother of a 1-year-old girl, was last seen on Thanksgiving in the area of her Woodland Park home . Investigators have not yet located Berreth's body, but they believe she may have been killed in her Woodland Park home.
Cardiff manager Neil Warnock said that early goal was a heavy blow: "When we start off like that we shoot ourselves in the foot". In this country all the people are going to watch the game, but I will be in a neutral position trying to enjoy the game.
Scientists believe there should be no rings or moons around Ultima Thule that might endanger New Horizons. Kudos to the science team and mission partners for starting the textbooks on Pluto and the Kuiper Belt.
Certain providers of substance abuse treatment, emergency services and mental health services could also be negatively impacted. Opposing the Republican lawsuit were 17 Democratic attorneys general led by Xavier Becerra of California.
It also could get several inches of snow Wednesday night, as well as up to 7 inches on Thursday, the weather service said. A Winter Weather Advisory is in effect for the rest of northwest Wisconsin from tonight until Thursday afternoon.
He said the US -led coalition provided airstrikes in support of the Kurdish fighters, who control only 35 percent of the region. The Turkish president also wished a happy new year to the U.S. president and American people.
A custom circuit circuit board will check the Global Positioning System location of the package when it's moved from the porch. When they open the stolen "package" it sprays them with a fog of fine glitter and five squirts of fart spray.
President Trump has said he expects a second summit to take place as early as February but there has been no confirmation yet. After months of bitter acrimony and public name-calling between the two leaders, Trump and Kim met in Singapore in June .
According to reports, Yachi was taken to hospital following the fight, and missed out on post-match interviews. I did it just to entertain fans in Japan . "I want to thank God for this turn out and the event.
It's down to man management. "It's about managing players, staff and it's about getting the best out of everyone", he said. It seems like a great set of lads, professional, wanting to do well and learn", he said.
Miley Cyrus and Liam Hemsworth Wednesday in secret ceremony
Hemsworth, 28, previously shared a striking photo of their burned-down house that showed the letters "L-O-V-E" left in the ashes. You can always rebuild a physical structure, but that love that can't be destroyed is always there and always stays strong.
4.8 magnitude quake hits near Sicily's Mount Etna
Debris of a partially collapsed house sits on the street in Fleri, Sicily, after an quake triggered by Italy's Mount Etna volcano. Volcanic ash had earlier covered nearby villages , and flights to and from Catania airport had to be halted temporarily.
Trump agrees to shut down embattled charity
The settlement with Underwood's office represents a concession by Trump to a state investigation he decried as a partisan attack. At one point, Trump used the charity's money to make a $25,000 political donation to Florida Attorney General Pamela Bondi (R).