|"Some thought Apple would try to conquer the market by dropping the price of one of its iPad models to $299, but a price drop wasn't part of the company's Wednesday announcements."|
U.S. stock futures point to a second day of losses on Wall Street as Apple shares slide after it issues a slightly disappointing gross margin outlook; Chipotle's third-quarter sales plunge.
The action on Tuesday provided some hints that problems are brewing.
Apple says it was caught off guard by demand for the iPhone 7.
You can't blame weak earnings.