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In a letter today addressed to investors (02) by Apple's chief executive, Tim Cook, the company warns that its financial results for the fiscal quarter have risen in December will be lower than forecast.
is expected to generate between $ 89 and $ 93 billion in revenue during the vacation quarter, but is expected to generate $ 84 billion in revenue.
Tim Cook said in an interview to CNBC that the main reason for this drop in income expectancy is due to a supposed slowdown in the Chinese economy in the second half of 2018 As a result, the company sold fewer iPhones than expected in mainland China,
If you look at our results, this drop is more than 100% the result of iPhones sales, mainly in mainland China
"If you look at our results, this decrease is due to more than 100% of sales of iPhones, mainly in mainland China," Cook said. He also pointed out that the trade tensions between China and the United States could also affect the Chinese sales of smart phones.
With this announcement, the shares of Apple were traded on the stock exchange for a few hours. The full financial report of Apple for the quarter ending in December is expected to be released in the coming weeks.
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