Home United States USA — IT Will lowered Apple guidance lead to consumer deals? Don’t bet on it

Will lowered Apple guidance lead to consumer deals? Don’t bet on it

291
0
SHARE

Apple CEO Tim Cook speaks at the Apple Worldwide Developers Conference event in San Francisco.(Photo: AP Photo/Jeff Chiu, File)Tim Cook’s revised revenues forecast downward has already spelled bad new| Techie World
Tim Cook’s revised revenues forecast downward has already spelled bad news for Apple investors—company shares fell more than 7 percent in after-hours trading Wednesday.
Might Apple CEO’s modified guidance, however, have the opposite effect and work in the favor of consumers who have been infatuated with some of Apple’s latest products but put off buying them because of their lofty prices?
Maybe, but not so fast.
Apple’s top of the line iPhone XS and XS Max, start at $999 and $1099, respectively. The starting price for the new Apple Watch Series 4 is $399, and it goes way up from there. An entry 12.9-inch iPad Pro fetches $999 and could more than double if you choose greater storage capacities and pile on accessories.
More: Apple warns on Q1 revenue, iPhone and China growth as stock falls in after-hours trading
Granted, Apple has been promoting “limited time” discounts on its devices: the iPhone XS from and XR from $649 and $449, respectively.

Continue reading...