Nasdaq Plunges As AAPL Suffers Triple Whammy

Wednesday, September 20, 2017
By Paul Martin

by Tyler Durden
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

Leave a Reply

Join the revolution in 2018. Revolution Radio is 100% volunteer ran. Any contributions are greatly appreciated. God bless!

Follow us on Twitter