EghtesadOnline: Apple Inc. forecast lower-than-expected revenue for the current quarter and reported iPhone sales from the crucial holiday period that missed analysts’ forecasts, suggesting waning demand for its most-important product.
EghtesadOnline: Apple Inc. gave a revenue forecast that highlighted resilient demand for the iPhone ahead of the launch of its new models and the growing significance of the company’s supporting businesses.
EghtesadOnline: The Trump dollar is taking a bite out of the earnings prospects for U.S. companies. Apple Inc. is boosting the prices of iPhones sold abroad by as much as 40 percent to offset the declining value of foreign sales when they’re converted to dollars. Those higher prices hurt Apple’s ability to compete. Industrial giant Honeywell International Inc. is trimming its sales forecast this year by $600 million and hedging in the currency markets.
EghtesadOnline: Apple Inc. reported quarterly revenue that topped analyst projections, fueled by demand for the company’s latest and priciest iPhones.