On Sunday, the Wall Street Journal published an article stating that Apple had cut iPhone screen orders for the January-March quarter in half. The article quoted insiders, stating that the cutback was due to weaker-than-expected demand for Apple’s latest smartphone.
The article, though vague and highly disputed, spread through the web like wildfire and Apple’s troubled shares took a nosedive on subsequent trading days.
On Tuesday, Apple’s shares closed just below $486, marking the lowest price since February 2012.
Since hitting an all-time high in mid-September Apple’s share price dropped 30 percent on a constant stream of bad news and speculations.
A week from today, on January 23, Apple will report its first-quarter earnings, and the question of whether or not iPhone demand is waning will be answered for now. Analysts are expecting 47 to 50 million shipped iPhones for the December quarter and any number below 47 million will likely send Apple’s shares tumbling even further. The Cupertino-based company hasn’t been under this much pressure for a long time and investors will be on the edge of their seats until next Wednesday.
Related Infographics
FAQ
- The Statista "Chart of the Day", made available under the Creative Commons License CC BY-ND 3.0, may be used and displayed without charge by all commercial and non-commercial websites. Use is, however, only permitted with proper attribution to Statista. When publishing one of these graphics, please include a backlink to the respective infographic URL. More Information
- The Statista "Chart of the Day" currently focuses on two sectors: "Media and Technology", updated daily and featuring the latest statistics from the media, internet, telecommunications and consumer electronics industries; and "Economy and Society", which current data from the United States and around the world relating to economic and political issues as well as sports and entertainment.
- For individual content and infographics in your Corporate Design, please visit our agency website www.statista.design
Any more questions?
Get in touch with us quickly and easily.
We are happy to help!
Do you still have questions?
Feel free to contact us anytime using our contact form or visit our FAQ page.
Your contact to the Infographics Newsroom
Statista Content & Design
Need infographics, animated videos, presentations, data research or social media charts?