A glut of inventory, Microsoft's offer for free upgrades to Windows 10 and an overall stagnant market combine for a projected decline in sales.
The tech giant continued to benefit from booming iPhone sales during the June period, but it didn't sell as many as analysts had expected.
The company had previously said it would lose $1.4 billion in its fiscal year ended March 31, but it has now revised that number down to 126 billion yen.
You've not seen a weather forecast like this.
More layoffs announced for mobile division, seen by Sony leadership as a key to the company's turnaround efforts.
Its flagship phone, the One M9, has not caught on, and HTC says it will continue to invest in other areas, including virtual reality, as it looks to turn itself around.
Outside of Apple itself, Best Buy will be the first major US retail chain to sell the watch as Apple tries to expand its availability.
The company had planned to ship 50 million smartphones this year, but that figure has been falling and will drop even more, according to Bloomberg.
Is the Apple Watch a flop so far? Hmm, that may or may not be the case. But analyst Gene Munster says to wait until 2017 when Apple's new wearable will have a "breakout year."
Emerging markets are still showing interest in new tablets, but that isn't enough to sustain IDC's prior forecast for this year.