Apple Falls Third Day as IPhone Woe Cuts $40 Billion in Value

[marmar]

(Bloomberg) Apple Inc. fell for a third straight day amid concern that demand is waning for the iPhone, its bestselling product, shaving about $40 billion from the company’s market capitalization so far this year.

Shares of the world’s most valuable company fell below $100 for the first time since October 2014. They were trading at $98.20 at 9:34 a.m. in New York Thursday. The stock has lost more than 4 percent so far in 2016 after declining 4.6 percent in 2015.

Over the past month analysts at firms including Morgan Stanley, JPMorgan Chase & Co. and UBS AG have cut estimates of iPhone shipments, based on weaker demand for upgrades to the 6s and 6s Plus, which debuted in September, and saturation in some developed markets.

Concern was fanned again this week after Japan’s Nikkei Asian Review reported that the U.S. company would reduce the output of its latest iPhones by about 30 percent in the first quarter, a number that surprised many analysts. ............(more)

http://www.bloomberg.com/news/articles/2016-01-07/apple-falls-third-day-as-iphone-woe-cuts-40-billion-in-value

[corkhead]

1. I would want a 6s if I hadn't paid so much for my 4s.

another software update or so and they will force me to "upgrade"

[justiceischeap]

2. I haven't upgraded to a 6 because I hate how big they are

I've small hands, I can't carry a half a netbook around and use it with one hand like I can the 5.

[Mika]

3. I ditched my smartphones. Got an old flipfone. Life is much better.

I use it rarely. Have it for emergency use. I use a per minute prepay service. It has reduced my annual cost by hundreds. Simplification has reduced my symptoms of industrial disease to nominal levels.

[TheBlackAdder]

4. This is similar to the GameBoy. After a while people realize it's the same shit, repackaged! nt