Index Option Calls
  • Home
  • Latest News
  • Email Whitelisting
  • Privacy Policy
  • Home
  • Latest News
  • Email Whitelisting
  • Privacy Policy
No Result
View All Result
Index Option Calls
No Result
View All Result
Home Latest News

Apple shares slip on report of weak iPhone demand heading into holidays

by
December 2, 2021
in Latest News
0
0
SHARES
0
VIEWS
Share on FacebookShare on Twitter

RELATED POSTS

Stocks trim losses, but the S&P 500 is on track for worst first half in decades

The market’s worst first half in 50 years has all come down to one thing

A man passes by iPhone 13 Pro ad on an Apple storefront in Krakow, Poland on September 30, 2021.

Jakub Porzycki | NurPhoto | Getty Images

Apple shares were down nearly 3% Thursday following a Bloomberg report that said the company warned its suppliers demand is lower than expected for new iPhones this holiday season.

Apple’s stock resisted the omicron-fueled volatility in the market this week, but word of weak demand on top of the known supply chain issues rattled investors Thursday morning. An Apple spokesperson did not comment on Bloomberg’s report.

The current quarter marks the first full quarter Apple’s new iPhone model, the iPhone 13, will be available. Apple also introduced other new products ahead of the holiday shopping season, including a new version of AirPods and a redesigned MacBook Pro. But the iPhone remains Apple’s most profitable product, so any signs of weakening demand going into the holidays are sure to send the company’s shares lower.

Still, analysts expect Apple to report growing revenues for the quarter after it booked more than $100 billion in revenue for the first time in the holiday 2020 quarter. CEO Tim Cook told CNBC this fall that he expects revenue growth for the quarter, but predicted supply constraints will cost the company at least $6 billion in missed revenue.

ShareTweetPin

Related Posts

Stocks trim losses, but the S&P 500 is on track for worst first half in decades

by
June 30, 2022
0

Stocks fell on Thursday, as the S&P 500 caps off its worst first half in more than 50 years. The...

The market’s worst first half in 50 years has all come down to one thing

by
June 30, 2022
0

Traders on the floor of the NYSE, June 29, 2022. Source: NYSE A multitude of factors conspired to generate the...

‘I wouldn’t be successful at my job without her’: My friend cleans, cooks and cares for my child. I pay her $50 a day. Am I taking advantage of her?

by
June 30, 2022
0

Dear Quentin, I’m a working-from-home mom and my supervisors have no intentions of bringing me back to the office at...

Apple opens up third-party app payments in Korea, will still take 26% cut

by
June 30, 2022
0

Tim Cook at the Apple launch event, March 8, 2022 Apple Apple said on Thursday that developers with iPhone apps...

These are analysts’ favorite Dow stocks for the second half of 2022

by
June 30, 2022
0

One of the worst six-month periods for stocks in decades comes to an end on Thursday. The first half of...

Next Post

Hotels: Occupancy Rate Up 5% Compared to Same Week in 2019; Record Thanksgiving Week Occupancy

Minnesota reports second U.S. omicron Covid case in resident who traveled to New York City

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

email

Get the daily email about stock.

Please Enter Your Email Address:

By opting in you agree to our Privacy Policy. You also agree to receive emails from us and our affiliates. Remember that you can opt-out any time, we hate spam too!

MOST VIEWED

  • A Couple Stored IRA Gold at Home. They Owe the IRS More Than $300,000.

    0 shares
    Share 0 Tweet 0
  • A California Couple Spent Eight Years Building Their Dream Retirement Home in Costa Rica

    0 shares
    Share 0 Tweet 0
  • Goldman Sachs says buy these stocks to play Web 3.0 and the metaverse

    0 shares
    Share 0 Tweet 0
  • Goldman Sachs picks new stocks to buy — and says these 5 have over 100% upside

    0 shares
    Share 0 Tweet 0
  • In his final warning, this stock trading wizard — who made big money in bear markets and crashes — called this market a bubble like no other

    0 shares
    Share 0 Tweet 0
  • Home
  • Latest News
  • Email Whitelisting
  • Privacy Policy
All rights reserved by www.indexoptioncalls.com
No Result
View All Result
  • Home
  • Latest News
  • Email Whitelisting
  • Privacy Policy

All rights reserved by www.indexoptioncalls.com