The Economic Mood Darkens: iPhone Sales Plunge 15% As Consumer Confidence Falls For The 3rd Straight Month
Is the drop in IPhone sales a sign of something larger?
The IPhone was a printing press of money for Apple over the past two decades. The last quarter of 2018 is the first fourth quarter decline in sales since 2000. With a forecast of reduced sales for the months ahead, Apple could be seeing the first year-over-year decline in sales in a long time.
The question is this just an Apple problem? The ongoing trade war with China obviously has something to do with it. We saw the Fed pull back last week a day before Italy was proclaimed to enter into a recession.
It is widely accepted the global economy is slowing.
Click on image to read full story.
About 82.58$ has been spent to promote this content.
Thanks for using @edensgarden!
You got a 35.74% upvote from @joeparys! Thank you for your support of our services. To continue your support, please follow and delegate Steem power to @joeparys for daily steem and steem dollar payouts!