Apple Inc on Wednesday took the rare step of cutting its quarterly sales forecast, with CEO Tim Cook blaming slowing iPhone sales in China, whose economy has been dragged down by uncertainty around US-China trade relations. Apple shares skidded 7.7 percent in after-hours trade, dragging the company's market value below $700 billion.from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News http://bit.ly/2Tms00Q
