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Apple: iPhone5 flop, stock market crash

In yesterday's Wall Street session, Cupertino stock lost almost 4%, falling overall by 30% from its all-time high of over $800 per share.

Apple: iPhone5 flop, stock market crash

That it is not a propitious moment for Apple can be seen from the performance of the stock, which lost 4% in yesterday's session on Wall Street, falling overall by 30% compared to its all-time high, of over 800 dollars per share.

But the news is that it was a simple, albeit bombastic, journalistic rumor that made the bitten apple tremble: the WSJ yesterday wrote about alleged cuts in the production of iPhone 5, in particular of some components such as the Retina panels, whose orders would have been reduced by 50%.

Although the indiscretion is vague and has not been confirmed, it finds its plausibility in the actual drop in sales of the last iPhone, which fell below expectations.

Also according to the Wall Street Journal analysis, Apple probably pays the price for the Android competition (with that operating system, Samsung achieved record results in 2012), an attitude that is too conservative for its iPhone 5, which basically follows the 4S with innovations that perhaps aren't worth the price of the shopping, and the denial of the arrival of a low-cost iPhone, the latter instead responsible for a rise in the Stock Exchange, in the past week.

Read wsj

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