Apple’s stock falls as high hopes for iPhone X sales falter - News Summed Up

Apple’s stock falls as high hopes for iPhone X sales falter


Concrete evidence of how the iPhone X is faring should emerge Thursday when Apple is scheduled to release its fiscal first-quarter earnings. The period spans from October through December, covering the early November release of the iPhone X and the holiday shopping season that typically brings Apple’s biggest iPhone sales of the year. Speculation about disappointing demand for the iPhone X have been swirling for the past week, contributing to a 6-per-cent decline in Apple’s stock since it hit an all-time high of $180.10 (U.S.) on Jan. 18. Investors have been counting on the iPhone X to be a huge hit, despite its unprecedented starting price of $1,000. Neither of those phones has the fancier display screen or facial recognition technology featured in the iPhone X.


Source: thestar January 29, 2018 21:22 UTC



Loading...
Loading...
  

Loading...

                           
/* -------------------------- overlay advertisemnt -------------------------- */