Thursday October 29, 2020

Apple hits 11-month low on weak iPhone demand

Apple declined to the lowest price in almost a year after the Nikkei newswire reported that the company curbed iPhone production on weak demand.

14th January, 2013
Apple is facing increasing competition from manufacturers using Google’s Android software.

Apple declined to the lowest price in almost a year after the Nikkei newswire reported that the company curbed iPhone production on weak demand.

The stock fell 3.1 per cent to $504.25 at 9:39am in New York, and earlier touched $498.51 for the lowest intraday level since February 16th. By January 11th, the stock had lost 26 per cent from a record high in September.

Apple, based in Cupertino, California, reduced its original target to order 65 million iPhone...

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