• Apple slides amid mounting fears of a smartphone slowdown

    5 monthes ago - By Business Insider

    Apple slid 2% early Tuesday.
    Cirrus Logic , one of Apple's suppliers, cut its revenue guidance for the third quarter of 2019, and HSBC downgraded Apple, citing a slowdown in smartphone cycle.
    Watch Apple trade live .
    Apple shares fell 2% early Tuesday after one of its suppliers cut its guidance for 2019 and a Wall Street firm downgraded the stock, exacerbating concerns about what's seen as a slowdown in the tech mammoth's iPhone cycle.
    The semiconductor manufacturer Cirrus Logic said Monday evening that it expected third-quarter revenue to come in lower than previously forecast , citing...
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