New iPhone sales are non-existent in the US. Coincidence, or is this tied to what’s happening in China too? This week, several Chinese electronic retailers have slashed the prices of iPhones. This was due to the report Apple Inc. (NASDAQ:AAPL) put out last week on its revenue loss.
At this time, the tech company did something it hasn’t had to do since 2002. Just ahead of a big announcement sure to disappoint investors by the company’s CEO, Tim Cook, Apple decided to freeze its stock.
In this letter to investors, Cook revealed that the ...
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