Target blames disappointing quarter on shrinking demand for Apple products

[Guest Yoni Heisler]

http://androidforum.us/data/MetaMirrorCache/1d535c5ce8bec1dc717e5cf4f8167a8f.jpgTarget released its earnings for the June quarter earlier today, and while earnings came in a bit higher than anticipated, the company notably lowered its overall guidance for the full year. Additionally, year over year revenue fell by 7.2%. What's particularly interesting about Target's earnings is that sales of electronics experienced a double-digit decline year over year. All the more interesting is that Target attributes this drop-off to a surprising and marked decline in sales of Apple products.

 

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