AAPL down 4% after hours: Cook blames lower-than-expected guidance on forex, some emerging market weakness

Apple’s earnings have just dropped and the investor call is ongoing. Whilst Apple hit the top end of expectations for the current quarter, guidance for the holiday quarter was lower than most investors expected. In an interview with Reuters, Cook blamed three factors for the cautious outlook: differences in iPhone schedule compared to last year, negative impacts from foreign exchange rates, and macroeconomic weakness in ‘select emerging markets’.

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The post AAPL down 4% after hours: Cook blames lower-than-expected guidance on forex, some emerging market weakness appeared first on 9to5Mac.

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