News
Jan
04
Apple Stock Suffers After Poor Sales in China
Apple’s worst day of trading has sent shock waves around the world, with Australian stocks also feeling the brunt of the fallout. Stocks tumbled on Wall Street, with technology companies suffering their worst loss in seven years, after Apple reported that iPhone sales in China are falling. The rare warning of disappointing results from Apple […]
Jan
03
Apple warning, China worries hit Asian shares; ‘flash crash’ jolts currencies
U.S. stock futures fell and Asian shares wobbled on Thursday after a rare revenue warning from Apple Inc added to worries about slowing global growth and weaker earnings. The California-based tech giant blamed fewer iPhone upgrades and slowing sales in China in warning about revenues in its most recent quarter, its first such warning since […]