Apple holiday forecast misses expectations, shares sink

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By Stephen Nellis and Yuvraj Malik (Reuters) -Apple on Thursday gave a sales forecast for the holiday quarter that missed Wall Street expectations, hurt by weak demand for iPads and wearables, sending its shares down 3.5% in after-hours trading. Chief Executive Tim Cook insisted that the company’s new iPhone 15 models were doing well in China, citing a record September quarter for iPhones in the region and seeking to ease Wall Street worries that Apple was losing market share to a resurgent Huawei and other local smartphone sellers. On a conference call with analysts, Chief Financial Officer L…

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