Analysts downgrade Apple’s expected Q2 guidance by $7B on reports of poor iPhone X sales

Two days before Apple announces its earnings for fiscal Q1 2018 (calendar Q4 2017), analysts are already turning their attention to the company’s guidance for the following quarter.

We’ll find out two things on Thursday. First, whether iPhone X sales were high enough to hit the company’s predicted revenue of between $84B and $87B in the final quarter of last year. Second, what Apple expects to earn in Q2 (calendar Q1) …

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