Technology
Apple stock pulled down by weak iPhone sales, China demand – Sydney Morning Herald
Weaker than expected iPhone sales sent Apple’s shares down 5.9 per cent in after-hours even as the tech giant’s revenue and profit did better than Wall Street expected,…
But the flagship iPhone 12’s announcement was delayed until October 13, several weeks later than usual, meaning no opening-weekend iPhone sales are included in the fourth-quarter results.
Analysts anticipated consumers would hold off on iPhone purchases ahead of new iPhone 12 models. Those devices feature 5G networking connectivity and are expected to be strong sellers as mobile carriers jump back into subsidising device purchases to lure consumers into new 5G data plans.
In an interview with Reuters,…
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