Analysts now expect earnings of $2.69 a share in the March quarter on sales of $61.1 billion, according to Zacks Investment Research.
Instead, analysts fearApple missed the mark by launching one redesigned model that is too expensive and two other new devices, the iPhone 8 and 8 Plus, that essentially look the same as older models. Most 3D features can easily be replaced with a simple touch-and-hold method, or long-pressing as it's more commonly called.
Oppenheimer analyst Andrew Uerkwitz cut his sales and earnings estimates for Apple for the next two years.
However, the company's shares have softened following a succession of gloomy trading updates from suppliers such as Qualcomm, Samsung and TSMC, which have warned that iPhone sales are slowing down.
Axis Bank posts highest quarterly loss since its listing
The stock has fallen 12.6 percent so far this year compared to a 1.6 per cent rise in the benchmark S&P BSE Sensex Index. For the financial year ended March 31, the lender posted a 93 per cent fall in net profit to Rs 276 crore.
LSU's Derrius Guice Falls all the Way to No. 59
Guice ran for 1,387 yards and 15 touchdowns in 2016 and then had 1,251 yards and 11 touchdowns on the ground in 2017. One report said Guice got into an altercation during a visit with the Eagles, though he denied it.
Apple plans to add the CGS technology to OLED iPhones in 2019.
The report follows news from Bloomberg that demand for the iPhone Xwas fading, based on reports from Apple's device assemblers. That could bring the price close to $700, a level that's proven successful for many years. The benefit of this new technology is that it will make the iPhone's display lighter and more resistant to impact. If something as trivial as 3D Touch increases costs in production but offers very little in terms of functionality, then it's only logical for Apple to have it removed.
For most companies, one product facing growth headwinds wouldn't be a concern.
Apple previously launched a pair of truly wireless earbuds, the AirPods, that eliminate the need for a headphone port...assuming the iPhone owner wants to use the product.
The phone is estimated to be priced at around £340 or £349, which positions it as a cheaper alternative to the iPhone X, which still costs more than £800 without tax. A saturated smartphone market means Apple can't do much about the first problem, but its pricing strategy can vary depending on the specific iPhones being offered. It's important to note that Apple hasn't confirmed this change.
Vegas Golden Knights launch official Twitch channel
San Jose was not able to get anything going on offense, courtesy of Vegas' blocking ability and a wall named Marc-Andre Fleury. The team's been forced to defend opponent power plays 16.6 minutes per game over their last five road outings.
Train rams into school van, kills 13 students
The railways spokesperson in New Delhi said, "It was unmanned level crossing gate at Behpurva, with Gate Mitra deployed there". The Director General of Police said seven critically injured children were rushed to the district hospital.