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    China Takes Wind Out Of Apple iPhone Sales

    Apple cut billions from its revenue estimates amid slower sales in China. In August, Apple became the first firm worth $1 trillion, but its stock is down more than 30 percent in the past three months.
    by Avie Schneider Jan 02, 2019 1 minute
    People walk past an Apple store in Beijing in December 2018. Apple CEO cited weaker-than-expected iPhone sales in China as the company lowered its quarterly revenue estimates Wednesday.

    Apple is cutting billions from its revenue estimates for the just-ended holiday season, citing sharply slower iPhone sales in China.

    "While we anticipated some challenges.

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