Apple,Watch Mound Daughter the first ever U.S. company to be valued at $1 trillion, is no longer worth $1 trillion.
News of Apple’s demotion — now once again slumming it as one of the companies worth onlyhundreds of billions of dollars — came as the result of a domino effect of negative press for the company. Already feeling market pressure after announcing a change to how the company was going to report quarterly sales, a new report delivering bad news related to the latest iPhone has extended those woes.
SEE ALSO: Seriously, would you wear these nose warmers?After a report in Nikkei Asian Review, a large financial publication out of Japan, claimed demand for the new iPhone XR was lower than expected, Apple’s suppliers in Asia have taken a hit in the stock market as well. The stock prices of Foxconn, Pegatron, Largan Precision, Flexium Interconnect, and AAC Technologies all declined in the wake of the news, which said Apple has supposedly halted additional production lines of its latest iPhone model.
In addition, Apple announced on Thursday in its quarterly earnings call that it would no longer reveal how many devices it sells each quarter. While Apple’s reasoning was that the “services” it sells to current Apple customers are a more accurate assessment of how the company’s doing, the lack of transparency surrounding units sold irked parts of the financial sector, and some saw it as an indication that sales were going to be flat or declining for the foreseeable future.
These stumbles over the past few days have taken a toll on the Cupertino-based tech giant. According to MarketWatch, Apple went through its worst two-day stretch on the stock market in nearly six years.
With the holiday season now upon us, Apple will surely have an opportunity to redeem itself and quell market concerns over how its new iPhones are selling. The company has just released a slew of new products — from new iPad Pros and a new MacBook Air to the new Apple Watch Series 4. On top of that, even though sales numbers are down, Apple revenue is up. That's partially due to the company raising prices on its products. So, while Apple may be down for the time being, there's a very good chance Apple will regain its trillion-dollar status.
Topics Apple iPhone
Redux: Idlers of My Kind by The Paris ReviewInsane Places by Elisa GabbertUK restaurant which trademarked 'pho' responds to TikTok backlashThe Conundrum of “Conundrum”The Most Appalling, Appealing Psychopaths by Lucy ScholesStaff Picks: Heaven, Hearing Trumpets, and Hong SangWe Didn’t Have a Chance to Say Goodbye by Sabrina Orah MarkAI George Carlin releases comedy special that Carlin would've despisedHow to find and buy Fruit Stripe gum onlineHow to preRedux: Then I Turn On the TV by The Paris ReviewBest Segway deal: PreStaff Picks: Bathing Suits, Bright Winters, and Broken Hearts by The Paris ReviewThe ResistanceThe Deep Corner by Edward HirschOpenAI launches its own GPT StoreThe ResistanceCES 2024: Asus Zenbook Duo is a gnarly dualSnow Oracles by The Paris ReviewWordle today: The answer and hints for January 11 Chrissy Teigen unpacks her viral feud with Trump on 'Ellen' Apple launches 3 new health studies with Apple Watch How does the head of New York Times Games play Wordle? These comedy wildlife photography finalists are a delight to behold LG shows off a color Delta Airlines to offer free WiFi on most domestic flights by February Shane Gillis dropped by 'SNL' over racist and homophobic comments Sony announces its EV car ‘Afeela’ at CES CES 2023: The future of Metaverse and VR depends on these glasses This pizza chain is giving away a custom skateboard with a real pie inside Sony's first accessible PlayStation controller is coming WhatsApp adds proxy support to bypass internet shutdowns Twitter suffered a massive data breach The 'cultural impact' meme is here to hilariously challenge history Popeyes says you can have a chicken sandwich if you bring your own bun 20 AirPod memes that continue to be extremely relatable OnePlus 11 launches in China, 1 month ahead of global release People are already getting arrested at Area 51, and of course they're YouTubers CES 2023: Samsung previews a new TV mode for people with low vision TikTok creators will soon be able to restrict their videos to adults
2.44s , 10109.3359375 kb
Copyright © 2025 Powered by 【Watch Mound Daughter】,Information Information Network