Apple’s stock price closed at its lowest level since June 2021 on Tuesday, amid an ongoing selloff of big-tech stocks amplified by concerns over iPhone supply in the key holiday sales period.
Ryan Vlastelica for Bloomberg News:
The stock fell 1.4% in its third straight negative session. While Apple remains a modest outperformer for 2022, with a 27% decline that is narrower than the 34% drop of the Nasdaq 100 Index, it has lagged the tech-heavy gauge over the past month.
MacDailyNews Note: In early Wednesday trading, Apple shares were down $0.46 (-0.35%) to $129.57. (Sub-$130!)
Recent weakness has come as production halts in a major iPhone plant in China contribute to a supply shortfall of Apple’s flagship product. Earlier on Tuesday, JPMorgan wrote that iPhone supply is “improving and inching slowly towards parity with demand,” although it added that Apple is typically “much further along in reaching parity between iPhone demand and supply” at this time in the year. Due to this issue, the firm expects results in Apple’s December quarter to be “muted” relative to consensus expectations.
Separately, JPMorgan analyst Samik Chatterjee also wrote that the latest smartphone shipment data out of China “confirm industry headwinds.”
MacDailyNews Take: Yummy!
Be fearful when others are greedy and greedy when others are fearful. — Warren Buffett
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Thanks again libturds!!!!
Libturd stupidity has caused:
-Lying, corrupt, racist dementia patient and whore installed in the White House
-Burning cities
-Occupy movement
-Doubled gas prices
-Gas pipeline shut down
-US emergency oil stockpiles drop to lowest level since 1983
-Unaffordable healthcare insurance
-Legalization of marijuana
-Baby killing
-Destroyed economy
-Crashed stock market
-Upcoming recession
-Highest inflation in 40 years
-Weaponized IRS
-Destroyed school system
-Open border crisis
-Illegal aliens getting drivers licenses
-Illegal aliens getting free medical insurance
-Illegal aliens getting tax-payer money
– National Guard pay delayed after congress celebrates itself for spending $1.7 Trillion
-Trading a useless, athlete for a notorious arms dealer (Merchant of Death), while leaving behind a USMC veteran, because she is an anti-American, black lezbo.
-Releasing a notorious arms dealer (Merchant of Death) while trying to deprive Americans the right to defend themselves with gun control so we can protect ourselves from violent libturds
-Red flag laws
-Voter fraud enabling
-No voter ID
-Labeling all non-libturds as domestic terrorists
-Labeling all non-libturds as racist
-Electric car mandates during electric crisis
-Woke bullshit
-“Identify as” bullshit
-“Inclusion” but only what libturds want to include
-Kneeling for National Anthem
-Woke hirings preferred over actual competence
-Obese, mentally ill person installed as head of health
-Mentally ill, genderfluid ‘puppy’ thief installed at Department of Energy
-320 genders
-It/that, them/they, and WTF pronouns
-Misgendering bullshit
-Epstein client list hidden
-Russia collusion bullshit
-Destruction of free speech
-Transgender perversion forced on children
-Drag queen story hours
-Boys in the girls’ bathrooms.
-Boys in girls’ sports
-Men can get pregnant
-Record underemployment
-Defund police
-Soft on crime policies
-Zero bail laws
-Record high crime
-Obese, ugly men winning female beauty pageants
-Food shortages
-Corruption of Legislators
-Corruption of Judges
-Corrupt FBI
-Corrupt CIA
-Corrupt media
-Corrupt social media
-Acceptance of Socialism and rejection of Capitalism
-Election and reelection of incredibly stupid, mentally unfit politicians: AOC, racist Omar, We have to pass it to find out what in it Pelosi, Guam will tip over Hank Johnson, brain damaged Fetterman, Dementia Joe—just to name a few.
-The list goes on and on and on and on and on and on and on and on and on and…
And you are so fscking stupid that you think you are the smart ones!
You want to start a revolution, but you can’t even start a lawnmower.
The next civil war will be fought between Americans and libturds. One side has 300 million firearms and trillions of rounds of ammunition, the other has strap-on dildos and toilet plungers.
Fsck Joe Biden. Fsck libturds
Nailed it on every single point. Sometimes foul mouthed is needed to expose the damn truth.
Sam does a copy/paste on his tired vitriol once again and the inevitable sycophant conservaturds jump in to applaud.
So angry…so retarded…so drunk?
Retardlican!
applecynic: so funny I forgot to laugh! (NOT!)
The Pudgy Partisan Progressive fool just loves making an ass of himself.
^ how is this irrelevant cultish partisan crap allowed on an apple site?
only after it’s gone for good will people like me donate again – not gone for a day, gone for good.
Liberals aren’t interested, nor is it the government’s job to support your gambling habit. The stock market is not the economy, but bless your deplorable Retardlican heart (in the Southern sense).
While I abhor coarse language, do support your First Amendment right to say it. Minor point aside, the other 99% of post details the HARM Biden and radical woke Democrats have inflicted on its citizens, in LESS than two years, is ASTONISHING and the WORST IN HISTORY. God help us….
Grow a pair and get use to the gutter tawk. They only understand mule talk.
Said the jackass.
Yes Big X, you have a great point! Jackasses, indeed…
Not you, your ears are too short! 😎
Enough with the culture wars. Take knee in protest over Aunt Jemima, Mr. Potato Head, Dr, Seuss, but not the NFL. For them you should boycott. And yet, everyone is acting within their rights EXCEPT 60% of Republicans that still support a traitor that would allow himself to be installed.
So much anger and so much blaming one person for everything. That’s too easy. The world is more complex. It’s really sad to spread this much hate.
The communist Democrats want to destroy the country and they are very good of doing that. With the swamps are so deep and wide, could the Americans stop them?.
That is impossible.
Learn the US Constitution before you take on Communism. You’re utterly clueless.
Awww…you didn’t get your comforter for Christmas…too bad.
I’ve got a crap tonne of red wave junk you can for free 🤣🤣🤣
Maybe AAPL could stop the plunge in their value if they built more factories in communist dictatorships!
For your information. Foxconn is Taiwanese factory who assembled iPhones. Apple doesn’t have any factory.
It seems that one went right over your head.
My guess; AAPL drops more. Few expect ’23 to NOT be worse. Apple is strong, but not impervious.
Joe’s an idiot and morally bereft, but he’s not THE king of the econ,
But your boy set the bar so low, Joe is vastly preferable. You should have picked a better candidate.
No honest candidate can overcome your gang of cheaters and crooked, rigged voting machines, secret stuffing and counting by lib minions. So, give it a rest you complete Stalinist loser…