AAPL stock dipped below 500 after WSJ report on “weak demand”

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.

Via: 9to5Mac

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  • lean6rtj2

    I pity the fool who bought Apple Stock at $700.

  • Bratty

    Stock manipulation is common and regular investors know this. It is unfortunate that the occasional investor falls for this crap and sells off. Want to make a quick $25k? Buy a 1000 shares today and wait for the earning report. The price will be up by $25 in no time.