“Apple’s shares slumped 2% to $99.67 in early Tuesday trade after reports emerged that the new iPhone 6 may not hit store shelves in China this year,” Jennifer Booton reports for MarketWatch.
“The China-based newspaper 21st Century Business Herald, citing a source close to the company,” Booton reports, “said that Apple failed to reach an agreement with the country’s Ministry of Industry and Information Technology this month, which might push back an agreement until next year.”
Read more in the full article here.
MacDailyNews Take: Ooh, the Chinese state-owned 21st Century Business Herald? Did they report that a Windows 8 glitch postponed a North Korean missile test again, too?
The day a “news” item from the state-owned 21st Century Business Herald causes us to buy or sell securities is the day we switch to Windows.