Apple's Profit Warning Causes Steep Fall in Shares

Apple's stocks fell earlier today after the company cut its forecast for Q4 2018. Tim Cook issued a letter to shareholders explaining the change, citing falling sales of iPhones, Mac computers and iPads. After the letter was issued, shares fell by 7.45%, taking $55 billion USD from the companies value. China is Apple's third largest market after the US and Europe and the tech giant hasn't issued a profit warning since 2002, hence the fallout. The letter said "While we anticipated some challenges...