Tim Cook will host meeting for all Apple employees to talk iPhone

Tim Cook is reportedly hosting an all-hands meeting with every Apple employee today about the revelations regarding stalling iPhone sales. The news caused Apple shares to plummet in after-hours trading, taking some Apple suppliers with it. As part of the meeting, Cook will spell out what the news means, and take questions from employees. Cook’s revelation about the fact that the latest iPhones aren’t selling to expectations — particularly in China — caused the company to revise its earnings. The reduced earnings cut the amount of money Apple expected to rake in for the holiday quarter by $9 billion.
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