Apple Is Getting Seriously Nuked TodaySubmitted by emalvini on Tue, 01/15/2013 - 12:53
Apple Is Getting Seriously Nuked Today
Jay Yarow | 26 minutes ago
WSJ: Demand For The iPhone Is Weak And Apple's Cutting Orders
Apple's stock is getting thumped again today.
It started the day falling under $500 to $492. It's only getting worse. As of 11:30 AM east coast time, the stock is now down 3% to $485.
Apple is still reeling from the report that it slashed iPhone parts orders because of weak demand.
This morning, Shaw Wu at Sterne Agee said the real reason for the supply cuts is: "(1) much improved yields meaning lower component builds and (2) supplier shifts."