Shares in the California-based tech giant fell 8% in after-hours trading after Mr Cook said it now expected revenues of around $84bn (£67bn) in the three months to 29 December, down from previous guidance of $89bn-$93bn. It's also far short of the forecast Apple gave investors only two months ago, which saw revenue in the quarter coming in between $89 billion and $93 billion.
Apple has been an absolute juggernaut in terms of sales, growth, revenue, and profit for shareholders.
On Apple's earnings call in November, Cook cited slowing growth in emerging markets such as Brazil, India and Russian Federation for the lower-than-anticipated sales estimates for the company's fiscal first quarter.
Cook also understands that many customers are just skipping the iPhone due to its astronomical price tag which starts at $1,000USD.
The company also anticipated some economic challenges in emerging markets, although "this turned out to have a significantly greater impact than we had projected", Cook wrote.
Despite the struggles, Cook maintains that Apple has a "bright future" in China because of the country's innovative developer community and Apple's strong following there.
The Apple CEO noted China's economy had begun to slow in the second half of 2018 and, in a thinly veiled jab, said Trump's trade war with China also bore some responsibility for the poor performance.
Some of the reasons for the weak iPhone upgrades in the first quarter were price increases based on the strength of the U.S. dollar, fewer carrier subsidies and cheaper battery replacements.
While President Donald Trump's trade war with China isn't helping Apple and other USA technology companies, Ives believes Apple miscalculated by continuing to roll out high-priced phones in China, creating an opening for rivals with less costly alternatives that still worked well.
"We believe the economic environment in China has been further impacted by rising trade tensions with the United States", Cook said.
Apple has become the target of nationalist sentiment over the arrest of Huawei's chief financial officer in Canada at the behest of the United States for alleged Iran sanctions violations. Several companies in the country are reportedly offering subsidies to employees for buying Huawei phones and some have even warned employees to avoid Apple iPhones.
The Chinese government has condemned the arrest and demanded her release.
With the addition of a healthy Cousins, head coach Steve Kerr can stagger his lineups accordingly to give his other stars a rest. They play both the Clippers and the Lakers during that trip, on the 18th and 21st of January, respectively.
The Scot, now 77, retired as United manager in May 2013 after winning 38 trophies during 26 years in charge. Rashford and Kane will go head-to-head at Wembley on Sunday when Manchester United take on Tottenham .
Pacquiao secured his first knockout in nearly nine years. "I'm just ready to go out there and prove the naysayers wrong", he said. Tuesday and Thursday we haven't really talked about it or decided anything yet. "We do have a gym we're gonna go to".
His net worth skyrocketed from $5.3 billion in January 2018 after he provided thorough information about his assets. Folorunsho Alakija is the fourth richest Nigerian and the second woman in this year's African billionaires club.
Images shared on social media showed the area around Rue De Montyon covered in debris with a fire raging in at least one building. The explosion came amid heavy security in Paris and around France for the ninth successive weekend of yellow vest protests.
Sevilla have confirmed that they have reached an agreement in principle to sign Barcelona forward Munir El Haddadi . Sevilla had met with Morata's representatives over a potential deal but found the proposed loan move too expensive.
Fast radio bursts are bright pulses of radio emission mere milliseconds in duration, thought to originate from distant galaxies. They're hoping this new data will help them figure out more details about what created them. "FRBs were an unexpected mystery".
Since at least last summer, Trump's legal team has been drafting a rebuttal in preparation for Mueller's report. Until then, the professional attorney can only wait amidst his doubts to see if Mueller "puts up or shuts up".
Speculation has been swirling that Maxwell was overlooked because of personal differences with senior Cricket Australia officials. I've got zero knowledge of that. careless whispers, eh? "He has shown he is brilliant around the group in white-ball cricket".
The Indian selectors made a decision to rest him to keep him fresh for the limited overs series back home against Australia . Mohammed Siraj , a right-arm seamer yet to make his one-day global debut, will fill Bumrah's void in the Indian squad.
For me, it's another tennis player across the court. "Obviously it's disappointing, but the sun will come up tomorrow". I had no inspiration in some important points. "I felt like it was really clean considering the conditions".
NBC News, Megyn Kelly reach separation agreement
In this September 21, 2017 file photo, Megyn Kelly poses on the set of her new show, " Megyn Kelly Today " at NBC Studios in NY . NBC would not comment Friday on whether the separation agreement allows her to write about her experiences at the network.
Farrell Fit For Munster V Gloucester Clash
Gerbrandt Grobler starts for Gloucester against his former side, with England out-half Danny Cipriani selected at out-half. Pool 2 is evenly poised ahead of the weekend's clashes with all four sides vying for top spot and a quarter-final place.
South Africa vs Pakistan
Markram was then joined by Hashim Amla and the two ensured that the home team didn't lose any more wickets in the morning session. Allrounder Faheem Ashraf took 3-57 after being one of three players called into the side for the series-ender.
Jones' methods risking players: RFU report
Nathan Soyeux, a 23-year-old student, passed away in Dijon on Monday after suffering injuries in a game in November. Compliance was shown to be well observed, with no player returning within the six-day period.
Suspected Israeli airstrikes near Damascus, Syria
The damage from the strikes was " limited ", the news agency noted, without providing any details about possible casualties. He said the targets were primarily storage and logistics facilities used by Iran to ship weapons to Hezbollah.
Despite apology, Hardik Pandya may not be out of trouble
Pandya said he "got a bit carried away" as he explained his bragging about his prowess with women on the show that aired Sunday. Rahul, who was more restrained of the 2 during the show, has not yet reacted to the backlash the 2 are facing on social media.
Blue Jays trading catcher Russell Martin to Dodgers
Martin enters his age-36 season, coming off a 2018 in which he hit.194 with a.338 on-base average; good for a.663 OPS for Toronto. The four-time all-star has also played for the New York Yankees and Pittsburgh Pirates over his 13-year big-league career.