This is a difficult one because I think the fundamentals are not good for the company in the short term but maybe it has just been swept along on a renewed interest in tech shares? Chart wise we are approaching breakout area so if you believe the charts tell the "real" picture, a significant break upwards would be extremely positive. I am not convinced.
Looks to me like the shares are struggling to pull away from recent highs. Maybe the Apple star is fading a little more?
Fair to say that new iPhone is receiving mixed reviews:- https://www.forbes.com/sites/gordon...-specs-camera-release-date-cost/#34b313032432
Hefty fall today after a warning of reduced revenues from one of Apples tech partners - while not named, it looks as though Apple has reduced orders for specialist facial recognition products. A sign of weakening demand for the new iPhone?
If there is one company in the world which stands head and shoulders above the rest when it comes to managing expectations it has to be Apple. Without uttering a single word the company has indicated to the market, yesterday via a supplier, that iPhone demand may not be as strong as people initially thought. Is this true? Will the company reduce expectations at the next update? Apple also has a habit of surprising on the upside. Check the history of the company and you will see this time and time again. Let’s not forget the company is only back to levels seen in August having hit an all-time high in October. Not really a collapse?
There seems to be a level of support around $180. Watch this closely as Apple very rarely fairs to deliver in the end. I wonder what life holds after the iPhone has finally been milked to the end of its life? Whenever that might be.
The sutation seems to be very interesting. It seems that information regarding lower production plans may be real. Another point is that newest generation of iPhones is the most expensive, and this can influence the demand. Let`s look at their suppliers, their reports can provide us with necessary information.
Wobbly markets and expectations that Apple will confirm the reduced order of facial recognition parts - hold on. The time to buy is when all of the news is in the open - when Apple has confirmed then you buy on the sell-off.
I read somewhere that the new iPhone is not going down very well and could be scrapped in favour of the iPhone X making a comeback. Apple's first mistake?
This is possibly the biggest challenge that Apple has faced since the death of Steve Jobs - is the company losing control of information output/information management? We have never seen as much info leaking into the market as we have over the last few weeks.
