The company has lost about $450 billion in market value since its peak of about $1.1 trillion last year.
Apple said Wednesday it now expects first-quarter revenue to be as much as $9 billion lower than previous projections.
It's the admission shareholders had been waiting for, after months of reported supply-chain cuts and a major shake-up to the company's sales reporting structure.
Submitted January 03, 2019 at 10:47AM by pipsdontsqueak http://bit.ly/2BYteIJ
