Greater China Q4 revenue growth of 16percent, Cook: satisfaction with performance in China

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 Greater China Q4 revenue growth of 16percent, Cook: satisfaction with performance in China


In the run-up to its earnings report, Apple also announced its holiday shopping season performance expectations, warning that its sales may be worse than Wall Streets expectations, which Cook blamed on weak emerging markets and rising foreign exchange costs. Refinitiv data show that Apple expects revenue in the first quarter of 2019 to be between $89 billion and $93 billion, with a median of $91 billion, lower than Wall Streets $93 billion forecast by the end of December. In an interview, Cook said that Apple saw signs of macroeconomic weakness in some emerging markets. He later told investors that the weak markets included Brazil, India, Russia and Turkey. But Cook added that Apple was pleased with its performance in China. Apples revenue grew by 16% in China, reaching $11 billion 400 million, achieving two digit growth in the fifth quarter. (small) source of this article: NetEase science and technology report editor: Wang Fengzhi _NT2541

In the run-up to its earnings report, Apple also announced its holiday shopping season performance expectations, warning that its sales may be worse than Wall Streets expectations, which Cook blamed on weak emerging markets and rising foreign exchange costs.

Refinitiv data show that Apple expects revenue in the first quarter of 2019 to be between $89 billion and $93 billion, with a median of $91 billion, lower than Wall Streets $93 billion forecast by the end of December.

In an interview, Cook said that Apple saw signs of macroeconomic weakness in some emerging markets. He later told investors that the weak markets included Brazil, India, Russia and Turkey.

But Cook added that Apple was pleased with its performance in China. Apples revenue grew by 16% in China, reaching $11 billion 400 million, achieving two digit growth in the fifth quarter. (small)