A little earlier this morning, we picked up on a story published by WSJ stating that Apple had halved its component orders for the current quarter. Within my article, I pointed out that it could just be an attempt to make AAPL stock value dip, and it did just that according to a report on 9to5Mac. A quick check up on some people with common sense on twitter confirmed that the same thing happened after the iPhone 4S launch (no big news here then). Apple more than likely has tons of parts left from the holiday quarter, and therefore doesn’t need to produce as many for the next one.
The big story here is that Apple’s stock value dropped below 500 for the first time in almost a year. A long way off the $1000 it was predicted to hit by the end of 2013. With an important earnings call happening in little over a week, it’s going to be an interesting ride for Apple investors. Thankfully, if you check APPL stock now, it’s risen above 500 again. Keep an eye on it over the next couple of weeks. It can be quite entertaining watching Wall Street figure out what to do with Apple’s value.