However, after a few tumultuous months, Apple’s value has slid far away from the $1tn. And from early December alone the iPhone maker has lost almost 19% of its stockmarket value. He cut his rating on the stock to sell, predicting “material disappointment” in 2019. In December, Rosenblatt Securities hinted to clients that the tech company would cut iPhone production by four million units. He said that many of Apple’s problems were self-inflicted, including iPhones that are too expensive for emerging markets.

Source: Irish Examiner January 05, 2019 09:00 UTC