Is it the China slowdown or is it just Apple?

Is it the China slowdown or is it just Apple?

Apple Inc shares plunged 10 percent on Thursday after the iPhone maker blamed weak China demand for a holiday-quarter revenue shortfall, with many investors anxious the rare stumble was a harbinger for slowing global growth. While macroeconomic challenges in some markets were a key contributor to this trend, we believe there are other factors broadly impacting our iPhone performance, including consumers adapting to a world with fewer carrier subsidies, USA dollar strength-related price increases, and some customers taking advantage of significantly reduced pricing for iPhone battery replacements.

During the first three quarters of the year, Huawei sold 145.5 million phones, versus 140.4 for Apple. That led Apple to aggressively market the iPhone XR on its website for $449, about $300 less than its official sticker price.

Cook told CNBC that Apple products have not been targeted by the Chinese government, though some consumers may have elected not to buy an iPhone or other Apple devices due to the firm being an American brand.

Apple's revised battery program began at the beginning of 2018 and lasted just one year. Analysts had been expecting revenues of around $91bn, according to market analyst FactSet.

When it comes to the Chinese market, where Huawei is the leading smartphone choice, Apple is now coming to terms with its decline. "Bernstein Liebhard wrote in their press release: "[On] November 1, 2018 during Apple's fourth quarter 2018 conference call, CEO Tim Cook stated that '[o] ur business in China was very strong last quarter.

The company cited struggling iPhone sales in China when it cut its quarterly revenue forecast on Wednesday for the first time in nearly two decades.

According to Business Insider, $450 billion has been wiped from Apple's value since the company hit its peak on October 3. When the suspension on selling was lifted, Apple shares fell 7.45%.

Baker Mayfield fined $10,026 for lewd gesture during touchdown celebration against Bengals
Despite increased team success , the wideout's production actually dipped following the team's midseason firing of Hue Jackson . The Steelers did manage to narrowly avoid disaster and beat the lowly Bengals , but it was too little, too late.

The U.S. and China have raised tariffs on billions of dollars of each other's goods in a fight over issues including Beijing's technology policy, which Washington alleges is predatory.

PRECURSORS TO A WARNING Apple's move was not entirely a surprise.

However, the company's woes in China have been exacerbated by a court decision that could potentially ban iPhone sales in the country. With Apple suddenly launching several new products in the quarter-including iPhones, Apple Watches, and Macs-it experienced "supply constraints" that would "gate" (slow) sales of "certain products" during the quarter.

"While we anticipated some challenges in key emerging markets, we did not foresee the magnitude of the economic deceleration, particularly in Greater China", Cook wrote, noting that "most of our revenue shortfall to our guidance, and over 100 percent of our year-over-year worldwide revenue decline, occurred in Greater China". But Cook specifically said he "would not put China in that category" of countries with troubled growth.

Apple is now the highest-profile multinational corporation to warn that the economic slowdown in China could hurt its business. That growth came entirely from higher prices.

Stock markets jumped Friday as investors welcomed news of trade talks between the USA and China next week and the US government reported a big increase in hiring in December.

But some investors were heartened by Apple's plans on using its cash pile.