01-03-2019, 08:35 PM
.....so far.....hasn't been this low since 2017......
.....Apple stock has plunged to its lowest point in almost two years today, falling as much as 10% after the company warned it would fall short of its own holiday sales forecasts.
CEO Tim Cook sought to place the blame for worse-than-expected sales on China’s slowing economy and the President Donald Trump’s trade war. He also acknowledged that iPhone sales are slowing, as consumers wait longer to replace their older smartphones. Some opted to take advantage of Apple’s low-cost battery replacement program rather than upgrade their devices.
Heading into the final hour of trading, Apple shares were at $142.54, down more than 15 points on the day. The stock was last at this level in February 2017...........
.....Apple stock has plunged to its lowest point in almost two years today, falling as much as 10% after the company warned it would fall short of its own holiday sales forecasts.
CEO Tim Cook sought to place the blame for worse-than-expected sales on China’s slowing economy and the President Donald Trump’s trade war. He also acknowledged that iPhone sales are slowing, as consumers wait longer to replace their older smartphones. Some opted to take advantage of Apple’s low-cost battery replacement program rather than upgrade their devices.
Heading into the final hour of trading, Apple shares were at $142.54, down more than 15 points on the day. The stock was last at this level in February 2017...........