Apple Forecast Expected To Be Weak After iPhone X Struggles

Entertainment (now)
Entertainment (now)
  • 6 years ago

SAN FRANCISCO (Reuters) - When Apple Inc (AAPL.O) announces its first-quarter earnings on Thursday, investors will seek signs of whether the company’s $999 iPhone X launched last autumn was a Steve Jobs-style hit or, as more analysts suspect, a letdown. In recent weeks, Wall Street analysts have come to a consensus that iPhone X sales were slower than previously expected for the first quarter that ended in December and may drop off sharply for the March quarter.

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