Apple company logos are reflected on the glass window outside an Apple store in Shanghai, China January 3, 2019. REUTERS/Aly Song
They told you so, Apple.
Japan’s machinery makers gave Apple Inc CEO Tim Cook a warning well in advance about what he didn’t seem to know: Chinese smartphone demand was plummeting. The iPhone maker blamed China for a cut in its revenue forecast Jan 3, which sent fresh ripples through the company’s long chain of suppliers across Asia. Apple “did not foresee the magnitude of the economic deceleration, particularly in Greater China”, it said in its release.
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