WS #10166
Accenture cuts revenue guidance, causing Indian IT stocks and ADRs to crash, signaling weak demand and macro headwinds for the global IT services sector. Apple CEO Tim Cook confirms product price increases due to rising chip costs, which could dampen consumer demand ahead of iPhone 18 launch.
IT Sector Demand Shock
Accenture cuts revenue guidance, causing Indian IT stocks and ADRs to crash, signaling weak demand and macro headwinds for the global IT services sector.
Apple CEO Tim Cook confirms product price increases due to rising chip costs, which could dampen consumer demand ahead of iPhone 18 launch.