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Rumors about iPhone production reduction, AAPL almost -7%

enero 11, 2020

Heavy retreat of Apple shares during today's session. Upward match AAPL ended the session on Wall Street at $ 131.36, 6.84% less than yesterday.

The reasons for the huge drop, accompanied by a number of pieces exchanged equal to almost double the daily average, in some items circulated by unspecified sources, according to which Apple would have reduced the production of iPhone from 9 to 4.5 million pieces; Miller Tabak & Co., a market analysis firm, would have provided the information. Although in the American afternoon Peter Boockvar of Miller Tabak herself denied that the organization to which he belongs has ever drafted such a report, stressing that it is a pure indiscretion spread by word of mouth, AAPL was no longer able to recover, ending the day at the lows, indeed losing even more ground in the final part of the session, closing near the day's low (131.52)

Some observers suspect that the fall is the result of a speculative maneuver, if not a real ambush that aimed (succeeding) in reducing the prices of AAPL, one of the courses that have acquired more value during the last months and also one of those that seems to have greater growth margins.

"There are sporadic rumors about Apple – Shaw Wu of the American Technology Review told Reuters – often unconfirmed and which in a short time turn out to be unfounded. From what appears to be the production of iPhone on the rise as they are selling more than they did in the first two days of availability

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