Wednesday, January 27, 2016

Global #Economy Contracting Rapidly

News
We're seeing extreme conditions unlike anything we have ever experienced before, Tim Cook.

The global economy is contracting rapidly. It's only a matter of time before the US economy and majority recognize it.



Headline: Apple CEO Tim Cook: 'We're seeing extreme conditions, unlike anything we've seen before'

Apple's holiday-quarter revenue of $75.9 billion missed analyst expectations as well as the company's own guidance.

According to CEO Tim Cook, a major factor in the company's miss was "the turbulent world around us," which is making it more expensive for Apple to sell its products overseas.

"We're seeing extreme conditions unlike anything we have ever experienced before," Cook said on a conference call discussing Apple's earnings report.


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