Apple Drops to 11-Month Low on Demand Worries
On Sunday, the Wall Street Journal published an article stating that Apple had cut iPhone screen orders for the January-March quarter in half. The article quoted insiders, stating that the cutback was due to weaker-than-expected demand for Apple’s latest smartphone.
The article, though vague and highly disputed, spread through the web like wildfire and Apple’s troubled shares took a nosedive on subsequent trading days.
On Tuesday, Apple’s shares closed just below $486, marking the lowest price since February 2012.
Since hitting an all-time high in mid-September Apple’s share price dropped 30 percent on a constant stream of bad news and speculations.
A week from today, on January 23, Apple will report its first-quarter earnings, and the question of whether or not iPhone demand is waning will be answered for now. Analysts are expecting 47 to 50 million shipped iPhones for the December quarter and any number below 47 million will likely send Apple’s shares tumbling even further. The Cupertino-based company hasn’t been under this much pressure for a long time and investors will be on the edge of their seats until next Wednesday.
- Leading banks globally by market capitalization 2015Leading banks globally by market capitalization 2015
- Stock market value of large oil companiesStock market value of large oil companies
- Revenue forecast and stock market value of web-based companies in 2011Revenue forecast and stock market value of web-based companies in 2011
- Forecast: shipment value railroad rolling stock manufacture US 2008-2020Forecast: shipment value railroad rolling stock manufacture US 2008-2020
- Forecast: revenue live animal wholesale UK 2008-2020Forecast: revenue live animal wholesale UK 2008-2020
- Forecast: revenue rolling stock manufacture Germany 2008-2020Forecast: revenue rolling stock manufacture Germany 2008-2020
- Forecast: revenue live animal wholesale Germany 2008-2020Forecast: revenue live animal wholesale Germany 2008-2020
- Forecast: total revenue railroad rolling stock manufacture Canada 2008-2020Forecast: total revenue railroad rolling stock manufacture Canada 2008-2020
- Who may use the "Chart of the Day"?
- The Statista "Chart of the Day", made available under the Creative Commons License CC BY-ND 3.0, may be used and displayed without charge by all commercial and non-commercial websites. Use is, however, only permitted with proper attribution to Statista.
- Which topics are covered by the "Chart of the Day"?
- The Statista "Chart of the Day" currently focuses on two sectors: "Media and Technology", updated daily and featuring the latest statistics from the media, internet, telecommunications and consumer electronics industries; and "Economy and Society", which inlcudes current data from the United States and around the world relating to economic and political issues as well as sports and entertainment.
- Can Statista create customized charts?
Absolutely! For information on tailor-made and sector-specific
Charts of the Day, please contact Jan Ahrens