(Reuters) — Apple on Wednesday cut its current quarter revenue forecast, citing fewer iPhone upgrades and weak sales in China.

The company forecast $84 billion in revenue for the first quarter, which is below analysts’ estimate of $91.5 billion, according to IBES data from Refinitiv.

Apple a revenue of between $89 billion and $93 billion for the current quarter.

“While we anticipated some challenges in key emerging markets, we did not foresee the magnitude of the

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