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Cook discusses iPhone sales, Services forecast

Published 01/02/2019, 05:30 PM
© Reuters.  Cook discusses iPhone sales, Services forecast
AAPL
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  • Apple's (NASDAQ:AAPL) Tim Cook appears on CNBC to discuss the company's Q1 warning and reiterates that US-China trade tensions played a role.
  • Cook: “There are a lot of things we can do to turn our business around, both in China and more generally.”
  • Cook says he isn't discussing iPhone unit sales due to the wide range of pricing, but that doesn't mean Apple won't comment on unit sales again. Note that the company announced plans to end unit sales reporting during the last quarterly report.
  • Services revenue is forecasted at over $10.8B for Q1.
  • Asked about the company's product lineup, which still doesn't include the AirPower wireless charging pad, Cook says the company releases things "when they're ready."
  • Apple shares are down 7.4% aftermarket.
  • Previously: Apple cuts Q1 revenue guidance (Jan. 2)
  • Previously: Suppliers drop on Apple's warning (Jan. 2)
  • Now read: Apple: A Great Buy Amidst Market Fear


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