Apple stock plummets 8% on news of grim Q1 2019 outlook

After the company confirmed that it slowed down iPhones as their batteries aged, Apple apologized to customers and discounted out-of-warranty battery replacements from $79 to $29. All rights reserved. Cook cited a number of factors, including the timing of the newest iPhone launches and supply constraints across some product categories. Homogeneity and high prices are big contributors: most flagship smartphones offer similar features to their competitors, especially in terms of hardware. Front page layoutSite themeSign up or login to join the discussions! CEO Tim Cook released a letter to investors yesterday that revised the company’s guidance for its Q1 2019 performance. Your California Privacy Rights The material on this site may not be reproduced, distributed, transmitted, cached or otherwise used, except with the prior written permission of Condé Nast.

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