Thursday 27 February 2020

$12 billion of potential Apple iPhone 9 revenue is up in the air

Last Friday, Apple's shares opened the final trading session of the week at $318.79. Tomorrow, it will be exactly one week later and Apple's shares will be priced at $273.52 as trading opens up on Friday. The decline of $45.27 works out to a weekly fall of 14.2% The stunning decline has to do with fears about the continued spread of the coronavirus disease. Besides some consumers who have had to wait for a longer period of time than anticipated to receive the iPhone they ordered, perhaps investors have been the most affected by what has been going on. The tumble in Apple's stock price could ...

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