Showing posts with label AAPL tanks below $500 on ‘weaker than expected’ iPhone 5 demand rumor. Show all posts
Showing posts with label AAPL tanks below $500 on ‘weaker than expected’ iPhone 5 demand rumor. Show all posts

Monday, January 14, 2013

AAPL tanks below $500 on ‘weaker than expected’ iPhone 5 demand rumor

AAPL fell briefly below $500 this morning following The Wall Street Journal and the Nikkei newswire reports of the iPhone 5 part orders halved amid what’s being claimed a ‘weaker-than-expected’ global demand for the handset. Specifically, shares briefly sank to $497 in pre-market trading Monday as investors reacted to the news.

It’s the first time since February 2012 that AAPL tanked below $500 a share. AAPL lost nearly 26 percent since a September 2012 all-time high of $705.07 a share. In the last three months alone, the Apple stock lost seventeen percent of its value. Rival Samsung seized its opportunity, having released this morning official numbers proving flourishing sales of its Galaxy S smartphone series, which surpassed the accumulated sales record of 100 million units (from the supply side) since its launch in May 2010
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