A disappointing iPhone 13 report looks set to deprive AAPL of the benefits it has reaped over the past few days. The company denied a general drop in stocks over COVID-19 Omicron’s concerns, but pre-market trading suggests it will lose those gains today.
The last few days have not been good for most stocks, but we noticed yesterday that AAPL looked like a rare winner.
Most stocks fell yesterday due to fears of Omicron, including tech companies such as Amazon, Google, Meta, and Microsoft. The Dow fell 651 points, the Nasdaq fell 1.6 percent and the S&P 500 fell 1.9 percent.
However, AAPL not only withstood the storm, but also saw its share price rise 3.16% as investors saw it as a safe haven, with good short and long term prospects.
The good news for AAPL continued yesterday, with it up 2.59% at the end of trading. However, pre-market trading sees the stock down about 3% at the time of writing.
This is a possibility in response to one Bloomberg According to the report, Apple has warned the suppliers about the decline in demand for iPhone 13.
According to Bloomberg News, Apple is reportedly telling suppliers that it does not expect an increase in sales of the iPhone 13 after the holidays.
Apple is currently limited to how many iPhones can be assembled with available parts and not demand, but Bloomberg says Apple does not expect consumers to wait long when supply increases. Interest will remain.
In other words, with better availability in early 2022, the iPhone 13 will be out of date, and some users may be thinking that they are looking forward to this year’s phones.
Apple itself will not be much interested in these short-term moves. CEO Tim Cook has often said that the company is not worried about quarterly performance. The company believes that if it focuses on products, long-term fortunes will follow.
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