Apple Drops to 11-Month Low on Demand Worries

from
,

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.



Infographic: Apple Drops to 11-Month Low on Demand Worries | Statista
Related Infographics
  • Apple
    How Apple's Stock Reacts to New Product Announcements

    This chart illustrates how Apple's stock price reacted in the past after Apple had unveiled a new product, such as the original iPhone in 2007.

  • Twitter
    Marketers Have Yet To Embrace Twitter Advertising

    This chart shows the results of a Socialbakers survey among 500+ marketers regarding their company’s adoption of social networks as advertising platforms.

  • Wages and Salary
    These Tech CEOs Made Billions in 2013

    This chart shows the net appreciation of selected tech executives' company stockholdings in 2013.

  • Soccer
    Man Utd Drops Out of Football’s Top Three Richest Clubs

    This chart shows football clubs’ revenues by source 2012/13 (in million euros)

  • Netflix
    Netflix's Share Price Almost Quadrupled in 2013

    This chart shows how selected public technology companies have performed at the stock market in 2013.

You may also be interested in...
Show more
Infographic Newsletter

Statista offers daily infographics about trending topics covering Media and Society.

Download & Reference

More statistics about...
Show more
FAQ
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 Felix Richter
(felix.richter@statista.com).