Apple syndrome: A Chinese woman uses an iPhone outside an Apple store in Beijing. Apple cut its revenue outlook for the latest quarter on Thursday citing steeper-than-expected ‘economic deceleration’ in China and emerging markets. — AFP
WEAK sales at Apple and Cargill, US giants of technology and agriculture, may be the clearest sign yet that President Donald Trump’s quest to reset world trade carries costs at home and could isolate the United States as the increasingly fragile engine for global economic growth.
Apple, a global technology darling loved for its sleek gadgets, on Wednesday warned of disappointing quarterly revenues because of poor sales in China. On Thursday, privately held grains trader Cargill announced worse-than-expected results out of China.
Limited time offer:
Just RM5 per month.
