Apple

Apple’s Down Sales Is Affecting the Stocks of the Apple.

Apple is known as one of the smartest companies who never let down their customers, and people follow them because of the reliability and that they never disappoint individuals with the new upgrades and functions.

On Friday, it has noticed that Apple lost 1.67% of its value and after the shocking down of the value on Friday the stock market was down to 2% which was the shock for everyone.

Image from Hub Pages

Image from Hub Pages

There was a point on Friday when the stock market was completely down, and Apple was facing trouble too in lifting the shares of the company which was surprising for everyone.

At 1:30 PM ET the stock dropped and then it came back with the minor up in the market.

GfK is a German research firm, and they did research on why the stocks of Apple are going down and what is the reason behind all the story?

This company issued a report which was based on the channel checks. According to the report based on the data from Europe and Asia, the sales of IPhone 7 would be down from the previous year, and this is the reason why the company is not doing so well in the stock market.

Image from Cnet

Image from Cnet

In the United States, IPhone 7 sales are not that good, and people who have seen these reports are saying that as compared to the IPhone 6, IPhone 7 sales are down annually in the United States and it are down up to the 25%.

On Friday it has also been revealed that Apple has informed their chip partner that the demand for the IPhone 7 chips are going to be down about 20% in the middle of 2017, and they should prepare for this.

Hopefully, Apple will recover from the problem soon and will make their come back strongly in the market and with the product.

Image from Cnet

Image from Cnet

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  • Factory unlocked iPhones are GSM models and are ONLY compatible with GSM carriers like AT&T and T-Mobile as well as other GSM networks around the world. They WILL NOT WORK with CDMA carriers like Sprint, Verizon and the likes. The phone requires a nano SIM card (not included in the package).
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