Apple reported $18.5 billion in sales in greater China last quarter, comfortably below consensus estimates of $20.9 billion.
Apple stock lifted following guidance for the current quarter after the company reported a drop in ​iPhone and China sales.
Apple’s stock surged after a reassuring revenue forecast, despite a sharp decline in China sales and sluggish iPhone growth.
The S&P 500 dropped 1.7 per cent, and the Nasdaq 100 slipped 3.1 per cent. With big tech stocks crashing, US stocks were set ...