Apple had its last launch event just days ago. The company unveiled the latest edition of MacBook Air, iPad Pro, Mac Mini and more in this occasion. But what came as a sheer surprise ( or a shock) is the stock loss faced by the company in this quarter. AAPL (Apple) stocks have dropped below the USD 200 mark today, making the share prices lessen by 10 per cent compared to last week. During this drawback faced by the firm the question that arises: Is this the right time to buy Apple marketed products? Let's find out.
According to MacRumors, the company reported a revenue of $62.9 billion during the fourth quarter of its 2018 fiscal year, an all-time record for the July-September period. But the update that Apple will not disclose its iPhone, iPad and Mac sales on per unit basis from now on brought out the struggle for the tech giant.
The share price dipped into the current loss of nearly 10 per cent was the outcome of this update, according to a number of tech analysts and specialists.
Apple's financial head Luca Maestri said unit sales are "not particularly relevant for our company at this point," as they are "not necessarily representative of the underlying strength of our business." He added that Apple may provide qualitative commentary related to unit sales if the info is valuable to investors. However, the question that may turn the table now is how this stock loss may benefit the fans?
The company's share has mostly been affected by the sales drop of iPhones, according to Seeking Alpha. As per the reports from potential sources, Apple's iPhone sales were high in the first quarter. But in the third quarter, the demand for the latest version of iPhones turned relatively flat. The latest insights also suggested that the likings among the smartphone lovers for iPhones have dropped a lot and it's likely to dip more in the coming quarter. The company has been more concerned with iPhone XR, particularly.
Apple has reportedly been disappointed with the dropping demand for iPhone XR. As per the latest reports, it is even planning to stop the production line for iPhone XR, at least for now. The buyers may get some extra advantages for this issue. iPhone prices are likely to see relevant drops at retail stores and online e-commerce majors. Huge discounts may be on the way for Apple lovers according to analysts, as the company will try to regain its past glory. The interested buyers may keep an eye over the situation as this benefit them a lot.
