Apple shares slump after lower than expected iPhone sales

Apple’s share price has taken a tumble after the company reduced its sales forecast by almost $US5bn on the back of weaker than expected iPhone sales in the latest quarter.
In the letter to Apple shareholders, CEO Tim Cook cited several reasons for the slump including the timing of the iPhone launches and the strong US dollar creating “foreign-exchange headwinds”.
But most of the revenue shortfall for the iPhone occurred in Greater China while other Apple categories including s