The U.S. tech giant Apple saw its stock price plunging¹ more than 9 percent in early trading on Thursday after the company issued lower guidance for fiscal² 2019 first quarter.

 

苹果降低2019年第一季度营收预期，此举导致周四早盘苹果股价下跌9%。

 

In a letter to investors³ from CEO Tim Cook on Wednesday, the company lowered revenue guidance to 84 billion U.S. dollars, down from the 89-93 billion dollars range it had previously⁴ projected.

 

The gross margin⁶ stood at approximately 38 percent, according to the letter, also lower than previous estimate.

 

Apple attributed the lowered guidance to four main factors, namely the timing⁷ of iPhone launches, a strong U.S. dollar, constrained⁸ sales of products including Apple Watch Series 4 and iPad Pro⁵ among others, and economic weakness in some emerging markets.

 

Cook also said in the letter that fewer carrier subsidies⁹, price increases based on the strength of the U.S. dollar and cheaper battery replacements¹⁰ caused the weak iPhone upgrades for the quarter.

 

Apple shares traded as low as 142.81 dollars apiece, or nearly 10 percent lower on Thursday, registering a 52-week low. The company's stock price hit 52-week high three months ago at 233.47 dollars apiece.

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