Last week Apple
stock performs worst after APPLE INC. (NASDAQ: AAPL) products available to public (except iPhone X)
in history from when STEVE JOBS introduced 1st iPhone back in 2007. iPhone 8 & iPhone 8 plus, Apple Watch Series 3 and Apple 4K TV available to
public from Friday.
So, basically this correction gives a chance for those investors who missed it. And for longer period of time it’s obviously beneficial.
Shares down
nearly 6% in a week and 8% from its all time high $164.94 which is set before
Apple’s event on Sep. 12th and company losses $60 billion market
value which is more than entire value of TESLA. Many reasons are responsible for
this.
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· Company says iPhone X available to
public from November 3rd. As a result customers have to wait more to
buy Apple’s flagship smartphone.
· Apple Watch Series 3 connectivity
problems also drag down the share price.
· Longer ques are not seen in USA and
Europe to buy iPhone 8 & iPhone 8 Plus. This also drags 1% on Friday.
· Also at some level International reasons
are responsible for this situation.
This correction
is expected to go around $144-145 just for short term.
Analyst says
that lower iPhone 8 & 8 plus sales is good for Apple because it suggest
that more and more people are waiting for $1000 iPhone X. High margin of iPhone
X will boost company’s revenue in next two upcoming quarters.
Still Wall
St experts says company is already on the way to become World’s First Trillion
Dollar Company by market capitalization by 2020. So, this correction will not last for longer period of time. Already company shares up highest in Dow
Jones components so far this year.
So, basically this correction gives a chance for those investors who missed it. And for longer period of time it’s obviously beneficial.
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