
Apple originally forecast a revenue of between $89 billion and $93 billion for the current quarter.
DATA FROM REUTERS
“While we anticipated some challenges in key emerging markets, we did not foresee the magnitude of the economic deceleration, particularly in Greater China,” Chief Executive Officer Tim Cook said in a letter to investors.
I WILL BE LOWERING MARKET EXPOSURE
&
I WILL INCREASE CASH LEVELS
&
I WILL REVIEW WAYS TO HEDGE TECH RISKS WITH VOLATILITY INSTRUMENTS