Apple failed to warn about China and market saturation, the underlying conditions for its guidance downgrade, which were obvious to those paying attention (Shira Ovide/Bloomberg)

Shira Ovide / Bloomberg:
Apple failed to warn about China and market saturation, the underlying conditions for its guidance downgrade, which were obvious to those paying attention  —  The company has reached the end of its denial phase.  —  The optimistic narrative about Apple Inc.'s iPhone business is falling apart in front of our eyes.

from Techmeme http://bit.ly/2SCo9wI