{"id":86354,"date":"2019-01-03T09:22:22","date_gmt":"2019-01-03T17:22:22","guid":{"rendered":"https:\/\/lifeboat.com\/blog\/2019\/01\/apple-iphone-sales-look-9bn-worse-than-expected-ceo-blames-china-cheap-batteries"},"modified":"2019-01-03T09:22:22","modified_gmt":"2019-01-03T17:22:22","slug":"apple-iphone-sales-look-9bn-worse-than-expected-ceo-blames-china-cheap-batteries","status":"publish","type":"post","link":"https:\/\/lifeboat.com\/blog\/2019\/01\/apple-iphone-sales-look-9bn-worse-than-expected-ceo-blames-china-cheap-batteries","title":{"rendered":"Apple iPhone sales look $9bn worse than expected, CEO blames China &amp; cheap batteries"},"content":{"rendered":"<p><a class=\"aligncenter blog-photo\" href=\"https:\/\/lifeboat.com\/blog.images\/apple-iphone-sales-look-9bn-worse-than-expected-ceo-blames-china-cheap-batteries.jpg\"><\/a><\/p>\n<p>The iPhone isn\u2019t selling as well as Apple expected. Tim Cook blames China\u2019s cooling-down economy, but a lot of users say it\u2019s because the phone are too expensive for the features they offer.<\/p>\n<hr>\n<p>Apple shares plummeted after CEO Tim Cook revealed that the iPhone maker expects a drop of up to $9bn in revenue compared to its November report. More affordable battery replacements are to blame, among other things.<\/p>\n<p>Apple stated that it now expects a revenue of approximately $84 billion in the first quarter of 2019, down from its previous estimate of $89bn to $93bn. Markets have reacted swiftly to the news, sending Apple shares into a 7.5-percent nosedive.<\/p>\n<p>Explaining the causes behind the revision, Cook almost squarely blamed the expected drop in sales on the economic slowdown in mainland China, a key emerging market for Apple smartphones.<\/p>\n<p><!-- Link: <a href=\"https:\/\/www.rt.com\/business\/447977-iphone-sales-drop-china\/\">https:\/\/www.rt.com\/business\/447977-iphone-sales-drop-china\/<\/a> --><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The iPhone isn\u2019t selling as well as Apple expected. Tim Cook blames China\u2019s cooling-down economy, but a lot of users say it\u2019s because the phone are too expensive for the features they offer. Apple shares plummeted after CEO Tim Cook revealed that the iPhone maker expects a drop of up to $9bn in revenue compared [\u2026]<\/p>\n","protected":false},"author":466,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[39,1512],"tags":[],"class_list":["post-86354","post","type-post","status-publish","format-standard","hentry","category-economics","category-mobile-phones"],"_links":{"self":[{"href":"https:\/\/lifeboat.com\/blog\/wp-json\/wp\/v2\/posts\/86354","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/lifeboat.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/lifeboat.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/lifeboat.com\/blog\/wp-json\/wp\/v2\/users\/466"}],"replies":[{"embeddable":true,"href":"https:\/\/lifeboat.com\/blog\/wp-json\/wp\/v2\/comments?post=86354"}],"version-history":[{"count":0,"href":"https:\/\/lifeboat.com\/blog\/wp-json\/wp\/v2\/posts\/86354\/revisions"}],"wp:attachment":[{"href":"https:\/\/lifeboat.com\/blog\/wp-json\/wp\/v2\/media?parent=86354"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/lifeboat.com\/blog\/wp-json\/wp\/v2\/categories?post=86354"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/lifeboat.com\/blog\/wp-json\/wp\/v2\/tags?post=86354"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}