Apple CEO says fears over companys future are a ‘enormous overreaction’ and claims in a few years the Apple Watch will be viewed as an overnight successApple’s chief executive,Tim Cook, has attempted to assuage fears over the company’s fall in earnings, and saying that the dip in stock price was a “enormous overreaction” and that forthcoming iPhones will make people see back and ask “how did I live without this?”
Cook described the 26% year-on-year drop in revenues Apple suffered final quarter and the wretchedness in China which caused the billionaire investor Carl Icahn to sell his entire stake in the company as “short-term turbulence”.
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Source: theguardian.com