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Apple: stock down on iPhone15 demand concerns
(CercleFinance.com) - On Wednesday, Apple shares were big fallers in the Dow Jones index on fears that demand for the iPhone 15 would ultimately be weaker than expected, fueled by comments from analysts at UBS.
On the New York Stock Exchange, the Californian giant's shares closed down 2%, which weighed on the entire technology sector. UBS - based on data collected in 30 countries by the UBS Evidence Lab teams - reports demand that is "at best mixed" for Apple's new device. According to the broker, delivery times for the top-of-the-range "Pro" model in countries such as the US, Germany, UK and France are currently one week shorter than last year. Regarding the iPhone 15 Pro Max, the most expensive model, waiting times have not changed much compared with those for the iPhone 14 Pro Max, analysts add, since delivery times in the US, Germany, UK and France are currently between 38 and 40 days, compared with 39 days last year. Copyright (c) 2023 CercleFinance.com. All rights reserved. |
08/12/2023 17:58
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