ΛDue to the poor sales of iPhones this year, many suppliers and component manufacturers such as Qovro, Lumentum were forced to reduce their revenue forecasts. This has led some to inadvertently conclude that Apple is partially freezing iPhones. It is estimated that all of this has led to a loss of $ 107 billion worth of Apple. However, things are starting to recover, but initially, it made Apple shares fall to a six-month low.
Shares fell 2,5% on the New York Stock Exchange yesterday at noon. The continuous fall for 4 days comes on the 5th consecutive day, which led to the sharpest fall in the last six months. Apple inventories fell 11% to $ 107 billion in losses. This year, the Cupertino giant grew by just 11% compared to 40% last year.
Both the drop in sales and the forecasts of suppliers led to such a situation for the company in the stock market. Now, things have recovered, as analysts suggest to investors "Buy now that he has dived". Nevertheless, the increase was not as significant as the fall, but at least there is a slight recovery.
Recent developments have also led the rating agency Guggenheim to downgrade Apple's credit rating to the equivalent of possession. They also added that iPhones make the highest sales among the company's products "It's not enough anymore" to maintain the growth of the company.
Leading analyst Huberty, on the other hand, says suppliers' warnings should not hurt Apple so much. Huberty added that "Supplier misconduct is reflected in Apple's already more cautious guidance on November 1 and, above all, does not affect service development forecasts, which are linked to the established base and not to new shipments.", Huberty writes in a note to customers. "We are buyers of market-based services and the recovery of shares will lead to future profits".
At the moment, Apple is trying to increase the use of its services such as the App Store with various offers. They are also looking for ways to make Apple Care and iCloud more popular, enriching them with more features for better sales margins.
