“Apple fans keep buying iPhones, but Wall Street keeps worrying the company won’t be able to match last year’s blistering sales pace,” Brandon Bailey reports for The Associated Press. “”
“Shares in the world’s most valuable company have fallen more than 15 percent over the last month, amid a drumbeat of news reports that some Asian parts suppliers are expecting Apple to trim orders for its signature smartphone this winter,” Bailey reports. “Those fears were compounded Wednesday when the Wall Street Journal said one of Apple’s most important contractors is sending some workers home on ‘early holiday’ before the Chinese New Year in February.”
MacDailyNews Take: Actually, it was Nikkei, but whatever. The lower, the better prior to earnings.
“Even an upbeat report from Apple announcing that its online App Store set a sales record last week failed to boost the stock. Its shares fell more than 2 percent Wednesday and were trading just above $100,” Bailey reports. “Apple Inc. declined comment Wednesday. But top executives at the Cupertino, California, company said last fall they expected to sell more iPhones during the last three months of 2015 than they did a year earlier, when the company sold a record 74.5 million.”
Read more in the full article here.
MacDailyNews Take: Here’s to a healthy, happy, and very profitable New Year! 🙂
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