Apple warns on holiday sales, sending value below $1 trillion | Reuters

This just in: apparently Apple doesn't completely control the global economy after all...

"Apple Inc on Thursday warned that sales for the crucial holiday quarter would likely miss Wall Street expectations, which Chief Executive Tim Cook blamed on weakness in emerging markets and foreign exchange costs.

The disappointing forecast by the world’s most valuable technology company helped send shares down as much as 7 percent, taking roughly $70 billion off Apple’s market value and forcing that value below $1 trillion. The forecast could also deepen concerns for technology companies that saw a sell-off after misses by Amazon.com Inc and Google parent Alphabet Inc."

Apple warns on holiday sales, sending value below $1 trillion | Reuters