Disappointment of Apple accounts on Wall Street. In the opening trade, it is losing 7%. Yesterday it had already lost 9% after the Stock Exchange, immediately after the announcement of the disappointing data of the last quarter.
Cupertino, which had already lost about 8% in the pre-market, in the first few minutes of trading burned by about 7%, which corresponds to over 40 dollars per share, slipping to 508,41 dollars for each share, after touching $502 daily minimum.
Although Apple has achieved revenues and profits above estimates, data on iPhone sales remain disappointing: only 51 million units in the quarter against a forecast of 55-60 million.
Bert Dohmen, founder of the Dohmen CapitalResearch Institute, argues that Apple's stock could lose even 40% in the coming months, because the Cupertino-based company "hasn't put any technological innovation on the market since the death of Steve Jobs and is suffering the advance of the competitors.”
