economic collapse news. Apple on Wednesday lowered its forecast to $84 billion in revenue below analysts' estimate of $91.5 billion, according to IBES data from Refinitiv. Apple originally forecast revenue of between $89 billion and $93 billion. This marked the first time Apple had issued a warning on its revenue guidance ahead of releasing quarterly results since the iPhone was launched in 2007. Apple shares crashed 7.7 percent in after-hours trade, plunging the company's market value below $700 billion. In the broader market, the S&P 500 futures fell 1.5 percent. In the U.S. government bond market, saw the yield on the benchmark 10-year sink to an 11-month low. and think, this time last year we thought apple could only go the the moon.