Apple reduced its revenue expectations for the first time in 16 years on Wednesday because of poor iPhone sales in China, an unexpected development that underscored the slowing of China’s economy and raised fears of further turmoil in global markets. Apple’s surprise announcement was the clearest confirmation yet that the Chinese economy is in serious trouble.from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News http://bit.ly/2SCTwr8
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