Christmas Sales Forecast Disappoints Investors as Apple Shares Sink

shareholders are not impressed with guidance on current performance.

The CEO of Apple, Tim Cook had said that the company expects a series of headwinds to weigh on growth in the coming months of the year Tim Cook said Apple shares have plunged in after-hours trading after the iPhone maker's forecasts for revenues in the crucial Christmas period missed expectations. The fourth quarter results, covering the three months to October, showed Apple sold fewer iPhones than analysts had expected - almost 47 million - but revenues and profits all smashed forecasts.