Nasdaq Plunges As AAPL Suffers Triple Whammy
by Tyler Durden
ZeroHedge.com
Sep 20, 2017
Weak reviews for iPhone 8, dismal pre-orders, and connectivity issues for Apple Watch have slammed AAPL shares to their lowest since August 1st earnings.
As Bloomberg notes, in addition to connectivity issues with the new watch, part of today’s weakness in Apple shares could be related to negative comments at Rosenblatt due to weak iPhone 8 preorders.
Analyst Jun Zhang said their research suggests that iPhone 8 preorders are substantially lower than iPhone 7 and iPhone 6 levels.
“We understand many customers could be waiting for the iPhone X, but we are concerned iPhone 8/8 Plus sell-through could bring some headwinds.”
It has not been pretty as AAPL is now at its lowest since before its earnings spike on Aug 1st.
The Rest…HERE
