Stefan Mileschin

It looks like Apple has finally run out of steam

Shares in the Fruity cargo-cult Apple plumetted after it admitted that its sales in the Christmas period are expected to be pants.

The announcement is being seen as confirmation that users are starting to give up on Apple’s revolutionary "no new functions for more cash" business model. Shares are down about seven percent in after-hours trading and the company value dropped well below its trillion dollar value.

Of course, CEO Tim Cook blamed on “weakness in emerging markets and foreign exchange costs” rather than the fact that the outfit has not come up with any radically new tech for a while.

Those emerging markets are China and India which could not afford to buy expensive Apple gear. The Chinese have lower incomes and are too canny to fall for Apple’s marketing and Jobs’ Mob was never going to drop the price enough to be a starter in India.

Apple said it expects between $89 billion and $93 billion in revenue for its fiscal first quarter ending in December, with a midpoint of $91 billion coming in below Wall Street expectations of $93 billion.

Cook in an interview with Reuters said that Apple is “seeing some macroeconomic weakness in some of the emerging markets.” He later told investors on a conference call that weak markets included Brazil, India, Russia and Turkey. Sales were flat in the fourth quarter in India, Cook said.

https://fudzilla.com/news/47516-shar...warns-on-sales