Apple share price drops again

3,720 0
Summary

Apple's stock price recently fell 4.8% to a one-year low of $405.97, primarily due to investor concerns over declining mini iPad shipments for the second quarter. Reports suggest a 10-20% drop in mini iPad shipments, attributed to a lack of market demand. This downturn also impacted key suppliers, with Cirrus Logic shares tumbling 10% after missing revenue expectations. Analysts view the current quarter as a critical juncture, anticipating a series of new product launches later in the summer and autumn to potentially stabilize the company's market position.

According to Sina Financial, Due to worries about mini iPad shipments for the second quarter, investors continued to sell Apple stock (AAPL) on Wednesday, its intraday stock price fell 4.8% to its lowest level for the past year.

Beijing time 23:00, Apple shares fell 4.76% to $405.97. DigiTimes reported that due to lack of market demand, mini iPad shipments fell 10% to 20% in the second quarter.

Edward Parker from Lazard Capital wrote: "We continue to expect that Apple is at risk, it's mainly on account of the second quarter, the quarter ended at June should be a watershed, after that there will be a number of new products to be launched in the summer and autumn . "

At the same time, Apple supplier Cirrus Logic shares tumbled 10%, the voice chip maker's fourth-quarter revenue was below market expectations and first-quarter revenue also failed to meet the expectation.

APPLE STOCK PRICE DROP

  RELATED

  COMMENTS

0

No comment for this article.