Apple Phone 8 ~ weak

Apple Phone 8 ~ weak

Apple is falling on the first day the iPhone 8 is being sold…

Shares have been falling since the company announced several new products, including the iPhone X, on September 12. Shares are down about 7.07%, or $11.91, since the market opened on the day of the launch event. That fall is equivalent to about $61 billion in value lost since the announcement.

[ reference article below ]

Apple stock may rebound, at least for the shortfall.

For the sun rises with scorching heat and withers the plant; its blossom falls and its beauty is destroyed. In the same way, the rich man will fade away even while he goes about his business. (James 1:11)

_____________________________________________________________________ ~ opinion unto righteousness ~ timothy williams
[proverbs 18:2]

Saturday, September 23, 2017
Concept of

Article Reference

(—Many analysts are wondering what demand for the new iPhones will look like. Many think Apple will sell a large number of devices in a “supercycle” of upgrades but are unclear which phone consumers will gravitate toward. The new iPhone X features a redesigned form factor, which should help sales, but costs $1,000, which may be too much for some consumers.

The high-end phone space is heating up, adding pressure to Apple’s dominant hold on the market. Google announced a partnership with HTC which will beef up Google’s nascent hardware division, and many see the deal as a strong step toward releasing an iPhone competitor by Google.
Apple fell around 1.5% on Thursday after the HTC-Google deal was announced.