Following Apple’s revision to its Q1 2019 earnings expectations, Tim Cook will hold an all-hands meeting with employees tomorrow. According to Bloomberg’s Mark Gurman, the meeting will focus on today’s news with employees given the opportunity to ask questions.
Earlier today, Tim Cook published a letter directed towards Apple investors in which he outlined the struggles that faced Apple during Q1 2019, which is the company’s normally monstrous holiday quarter.
As part of that letter, Cook revealed that Apple is cutting its revenue guidance for Q1 2019 from between $89 billion and $93 billion to $84 billion. Cook cited factors such as struggles in China as Apple’s worse-than-expected performance.
Cook also sent a letter to employees, repeating the key points of the investor letter and inviting employees to join him at the Town Hall, Infinite Loop campus for the all-hands meeting.
We’ll have more details – if available – of the all-hands meeting tomorrow. In the meantime, check up on all of today’s AAPL news below.
- Apple to announce holiday earnings results on January 29, after cutting revenue guidance
- Breaking down Tim Cook’s letter to investors: Trump trade war, unplanned battery program, more
- Apple being investigated by investor rights law firm for ‘potential securities fraud’ related to China
- Tim Cook says $29 iPhone battery program partly to blame for weak Q1 iPhone sales [Video]
- AAPL issues rare revision to earnings guidance, lowering expectations due to ‘fewer iPhone upgrades’ & China struggles
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