A number of reports based on a new Wall Street Journal article, are circulating that disappointing sales of Apple’s new “budget” model iPhone XR has forced the company to cut its price in Japan.
If one has an empathetic bone in his or her body then you have to feel for Apple chief executive Tim Cook. The poor guy has to report his company’s financial performance to regulators, investors and the market every 90 days. This will not continue for much longer because it is inevitable that Apple will go private.
Apple has reported better earnings than expected for its fiscal fourth quarter, but the company's shares fell 7% on Thursday after chief executive Tim Cook warned that the next quarter, that covers the holiday season, could see less sales than predicted.
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