European stocks fall as Apple guidance weighs on tech; AMS slips 19%
Apple lowered its first-quarter revenue guidance to $84 billion, down from the $89 billion to $93 billion that had previously been forecast. European Apple suppliers fell, with shares of Austrian chipmaker AMS plunging 19 percent and Swiss firm STMicroelectronics down 9.6 percent. Next rose close to the top of the European benchmark after reporting a jump in Christmas sales in the run-up to the Christmas holiday season.