Tim Cook to hold an all-hands meeting with troops following bombshell profit warning

After slashing Apple’s revenue guidance for the of import vacation quarter past times a whopping $7 billion amidst a slowdown inward Red People's Republic of China together with iPhone sales deceleration, Tim Cook volition concord an all-hands coming together amongst workers today to assuage whatever concerns they may receive got well-nigh the situation.

Mark Gurman, writing for Bloomberg:

Cook plans to address Apple staff well-nigh the province of affairs on Th at an all-hands coming together where he volition accept questions from workers, according to a somebody familiar amongst the matter.

Apple must right away aspect beyond the super-profitable iPhone because iPhone sales receive got peaked inward a saturated smartphone market, but Gurman insists that the fellowship shouldn’t rely on AirPods together with Apple Watch because those products require an iPhone to function.

Apple needs to aspect beyond its substance product. Smartphone sales receive got stagnated together with are virtually unchanged worldwide the past times 2 years. Under Cook, Apple has launched a few novel types of products, including AirPods together with Apple Watch. Both, however, are glued to the iPhone.

The fellowship has talked well-nigh its services work concern every bit a meaning novel root of revenue—Cook said sales increased to $10.8 billion inward the vacation quarter—but those are best used on an iPhone. Wholly novel categories similar self-driving automobile technology together with augmented reality spectacles soundless seem years away, piece a major novel iPhone for fifth-generation networks isn’t expected until 2020.

Quite the contrary, I intend the Cupertino theater should double-down on its most pop iPhone-only accessories similar AirPods together with Apple Watch together with brand them piece of work amongst Windows PCs together with Android devices. Making iTunes compatible amongst Windows sure enough did the play a joke on dorsum inward the iPod days, basically unlocking the 95 share of the marketplace position for Apple.

Apple issued a revised revenue forecast due to a multitude of factors, including a broad slowdown inward China, unfavorable unusual central rates, lack of carrier subsidies, the discounted iPhone battery replacement program and merchandise tensions betwixt the U.S.A. together with China.

Apple volition report earnings for the Dec 2018 quarter on Tuesday, Jan 29, at 2:00pm PT / 5:00pm ET. The fellowship volition concord a conference telephone telephone amongst Wall Street analysts together with investors on the same twenty-four hours (anyone tin listen to the good stream).

Given the gravity of the situation, iDownloadBlog anticipates this is going to 1 of the most interesting conference calls inward recent Apple history.

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