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DonViejo

(60,536 posts) Thu Jan 3, 2019, 11:30 AM Jan 2019

U.S. stocks yanked lower by Apple's rare subdued sales outlook

Source: The Washington Post

By Thomas Heath January 3 at 10:03 AM

Global markets shuddered Thursday after Apple said China is buying fewer iPhones, amplifying fears that the world’s second-biggest economy is fading.

Apple Chief Executive Tim Cook pointed to the unforeseen “magnitude of the economic deterioration” in China, the world’s largest smartphone market.

Apple shares sank 9 percent, and the Dow Jones industrial average dropped more than 575 points in morning trading, about 2.5 percent.

The Standard & Poor’s 500-stock index sank 2.2 percent and the technology-heavy Nasdaq composite fell 2.7 percent. The Nasdaq has closed to the upside for five consecutive sessions.

Read more: https://www.washingtonpost.com/business/economy/us-stocks-yanked-lower-by-apples-rare-subdued-sales-outlook/2019/01/03/a9c6f0de-0f5c-11e9-831f-3aa2c2be4cbd_story.html

5 replies

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U.S. stocks yanked lower by Apple's rare subdued sales outlook (Original Post) DonViejo Jan 2019 OP

also by republican treason, economic flub & general FAIL Achilleaze Jan 2019 #1

And shitstain's trade policies, tax cuts, rising interest rates, IronLionZion Jan 2019 #2

What? People aren't buying their iPhones at a thousand bucks a pop? GoCubsGo Jan 2019 #3

Yeah, This RobinA Jan 2019 #4

My thoughts exactly Sophiegirl Jan 2019 #5

Achilleaze

(15,543 posts)

1. also by republican treason, economic flub & general FAIL

Reply to DonViejo (Original post)

Thu Jan 3, 2019, 11:38 AM

Jan 2019

unsettling all around for decent, honest people.

IronLionZion

(45,673 posts)

2. And shitstain's trade policies, tax cuts, rising interest rates,

Reply to DonViejo (Original post)

Thu Jan 3, 2019, 02:40 PM

Jan 2019

there's a lot of forces converging in a bad way. 2019 is not going to be easy

GoCubsGo

(32,103 posts)

3. What? People aren't buying their iPhones at a thousand bucks a pop?

Reply to DonViejo (Original post)

Thu Jan 3, 2019, 04:22 PM

Jan 2019

Go figure.

RobinA

(9,911 posts)

4. Yeah, This

Reply to GoCubsGo (Reply #3)

Thu Jan 3, 2019, 04:58 PM

Jan 2019

Three years ago I bought my iPhone 5s (not the latest at that point) for $150 and now you're telling me I have to pay $700+ for a model that isn't even the latest? Guess again!

Over step much?

Sophiegirl

(2,338 posts)

5. My thoughts exactly

Reply to GoCubsGo (Reply #3)

Thu Jan 3, 2019, 05:34 PM

Jan 2019

That’s the reason I won’t be upgrading anytime soon. If prices don’t come down, I’ll be switching smartphones.

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