14 DAY TRIAL // Whether Apple has decided to reduce their iPhone production or not is still left to see. Rumors say that the company has taken this decision, which now stands as a reason for their stock dropping three percent today.
Apple's iPhone production line was expected to bring put 9 million such smartphones. It looks like the company has decided to cut this plan down to half and make it of only 4.5 million. This is the reason that analysts have found for the stock drop that the company has registered today. Three percent is quite a fall, especially as Apple should have been on a constant rise, with the launch of their "wonder phone".
Apple's stock was constantly growing since the company announced that they would bring the iPhone at the beginning of the year. The first drop in this tendency was registered a few weeks after the device had actually been launched. It was expected and rather natural that people started to lose their interest in the handset and buying it at a lower extent than in the first days when they were queuing in front of AT&T and Apple stores.
The iPhone is now available for shipment on a 24-hour basis from Apple, which has made some people worry about the compromises that the company is willing to do just to get their handsets sold.
Apple was ready to sell 1 million iPhones only in the first weekend since its launch, although this didn't happen. AT&T had activated only 146,000 such devices in the first two days when it started selling them. Hopes had been much higher than this, as the producer hoped for a number between 200,000 and 700,000 for that period.
Apple shares fell USD3.58 to USD137.85. AT&T has been doing poorly too, as its stock dropped 18 cents to USD39.59.