From iPhones to autos, global brands rely on China for growth. Now the country's economic slowdown is putting their earnings at risk.
Apple (AAPL) on Wednesday said that it expected a weaker Chinese economy to hurt its holiday sales numbers, prompting its stock to plunge up to 8% in after hours trading. CEO Tim Cook said in a letter to investors that the company had been blindsided by "the magnitude of the economic deceleration" there.
It isn't the only company that could suffer. READ MORE...