Apple Stock News
Yesterday, the Apple stock briefly went under $100 a share during afternoon trading. It closed the day at $100.73, a 2% drop, only a day after the stock dropped by 2.51%. Apple is nearing its lowest point since 2014.
The main reason for the dropped off the stock on Tuesday was that a Japanese financial news services by the name of Nikkei announced that the company is planning to reduce the IPhone 6/6S output by about 30% between January and March. Apple also charges $650 per device, hoping for high-profit margins. But this difficult smartphone market is hard for Apple since the extent that Apple relies on its smartphones is huge. Inventories of these devices in Asia have piled up due to lackluster sales. This shows that things are getting worse for Apple.
The main reason for the dropped off the stock on Tuesday was that a Japanese financial news services by the name of Nikkei announced that the company is planning to reduce the IPhone 6/6S output by about 30% between January and March. Apple also charges $650 per device, hoping for high-profit margins. But this difficult smartphone market is hard for Apple since the extent that Apple relies on its smartphones is huge. Inventories of these devices in Asia have piled up due to lackluster sales. This shows that things are getting worse for Apple.
