Suddenly no one likes Apple Inc., and even its CEO Tim cook was reducing projected profit and admitting that Chinese buyers, for whatever reason, are losing interest in the iPhone. There are endless reasons flying for the sagging demand. Some say Apple has missed the bus on artificial intelligence. The stock markets collapsed again Thursday with the Dow off more than 650 points. Toronto was down 134. The extended loss of confidence heading into 2019 is fuelling fear of a world recession with all the implications that holds for business, income and pensions.
- Apple warning on lower sales sparks another stock market sell-off
- Apple suffers its biggest single-day loss in 6 years after cutting revenue guidance
