The iPhone X order cuts news erase $14 billion off Apple's market cap

Yesterday's supply chain heartbreaker of a story that Apple has cut its iPhone X orders by the whopping 40% - from 50 million to 30 million units - is making ripples with investors, it seems, as the tech giant's stock started well in the red today. Apple saw about $14 billion of its market capitalization evaporate thanks to this rumor, so instead of running unabashedly towards the trillion dollar cap, it's dipped well below $900 billion now.

All eyes will be on Apple's first quarterly results after the iPhone X introduction, as the "all-screen" handset is supposed ...

from PhoneArena - News

from Gadgets to Find http://gadgetstofind.blogspot.com/2017/12/the-iphone-x-order-cuts-news-erase-14.html
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