Apple is set to benefit from its "considerable expansion" in China despite economic woes in the region and a warning that global iPhone sales are set to fall, according to fund stockpickers.
Tech giant Apple announced record quarterly profits of $18.4bn in its latest update and record quarterly revenue of $75.9bn for its fiscal first quarter. However, the company reported the slowest growth in iPhone sales since the product's launch in 2007, with sales of 74.8 million falling below the 75 million expected by analysts. It warned sales will fall for the first time next quarter, but did not offer any projections beyond those three months. Is it the beginning of the end for Apple's strong run? Laith Khalaf, senior analyst at Hargreaves Lansdown said Apple is facing macro...
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