Over the past few days, we’ve been inundated with reports surrounding what appears to be a lower than expected demand for the iPhone XR. Indeed, a number of investment firms have slightly lowered their price targets for Apple shares amidst reports that Apple recently reduced orders for iPhone XR components from suppliers. Bolstering this aura of pessimism around the iPhone XR are reports that some of Apple’s supply partners are anticipating less revenue for the quarter than initially expected.
Consequently, shares of Apple have taken quite a tumble over the past few days. Though the stock was trading at around $232 early last month, shares are now trading in the $191 range. Notably, we’ve seen this story play out many times before in the past. Specifically, we’ve seen how putting too much of an emphasis on supply chain reports can often paint an inaccurate picture regarding the current state of Apple’s business. The reason behind this is that Apple’s supply chain is far more vast and a tad more complex than other companies, if only due to the sheer scale that Apple operates on.
BGR Top Deals:
- Amazon’s massive Black Friday sale officially starts right now
- The ultimate DVR for cord cutters is down to its lowest price of 2018
Trending Right Now:
- The magic iPhone wallpapers that make your dock and folders disappear are back
- Samsung teases its exciting all-screen Galaxy S10 design again
- Today is National Fast Food Day – here are all the best freebies and deals
Why reports of weak iPhone XR sales shouldn’t be taken too seriously originally appeared on BGR.com on Fri, 16 Nov 2018 at 17:02:41 EDT. Please see our terms for use of feeds.
Read more here:: Boy Genius Report