Appleโ€™s Invincibility Fades On iPhone Miss, Global Woes

Apple Incโ€™s biggest success has become its biggest risk factor.

The iPhone revolutionized the smartphone industry, driving Appleโ€™s expansion into Europe and China and, after just half a decade, yields about half its annual $100 billion revenue haul.

But the worldโ€™s most valuable technology company โ€” which throughout the global recession near-unfailingly smashed Wall Street forecasts โ€” is beginning to lose its aura of invincibility.

Source: Reuters

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