Apple sounds the alarm on a slowdown in China (Gina Heeb/Business Insider: Finance)

Gina Heeb / Business Insider: Finance
Apple sounds the alarm on a slowdown in China – Chinas economy is losing steam. In a letter lowering Apples revenue forecast Wednesday, chief executive Tim Cook partly blamed weak sales in the second largest economy and said the company hadnt anticipated the degree of deceleration taking place. While we anticipated some challenges in key emerging markets, we did not …