It seems that the rumors are beginning taking its toll on Apple. Earlier today, citing Japans’s Nikkei, the Wall Street Journal reported that Apple might be cutting iPhone 5 supply orders due to low demand. And just a few hours after that, Apple’s shares were beginning to decline. According to Bloomberg Businessweek, stock fell as much as 4.5 percent to $497.
“It dropped to $520.30 at the close in New York on Jan. 11 and has lost 26 percent from a September record,” it said. Apple has yet to release a statement to confirm the reports. If the rumors are true, then perhaps the iPhone is indeed losing its “cool factor.” But on a different perspective, the move could also signify that Apple is preparing for a major launch, perhaps a cheaper iPhone, or an iPhone 5S or even an iPhone 6. Take these rumors with grain of salt, though.
- 2014-04-23 iPhone 6's Metal Casings Could Be Supplied By Catcher [Rumor]
- 2014-04-23 Apple Sells 43.7 Million iPhones, 16.3 Million iPads In Q2 2014
- 2014-04-22 Fading Carrier Subsidies May Hit High-End Smartphones
- 2014-04-22 5.5-inch iPhone Delayed To 2015 [Rumor]
- 2014-04-21 Google Glass SMS iPhone Support Coming Soon
- 2013-09-26 iPhone 5S $24 Upgrade Kit Turns Your iPhone 5 Into The Latest iPhone... Sort Of
- 2013-09-16 iPhone 5 Sticky Notes Now A Reality Thanks to Paperback
- 2013-09-13 The PocketPlug Is An iPhone Case With A Built-In Charger
- 2013-09-12 ChargeKey Is A Lightning Cable Small Enough To Fit On Your Keychain
- 2013-09-02 Wal-Mart iPhone 5 And iPad Prices Slashed