Weak reviews for iPhone 8, dismal pre-orders, and connectivity issues for Apple Watch have slammed AAPL shares to their lowest since August 1st earnings.
As Bloomberg notes, in addition to connectivity issues with the new watch, part of today’s weakness in Apple shares could be related to negative comments at Rosenblatt due to weak iPhone 8 preorders.
Analyst Jun Zhang said their research suggests that iPhone 8 preorders are substantially lower than iPhone 7 and iPhone 6 levels.
“We understand many customers could be waiting for the iPhone X, but we are concerned iPhone 8/8 Plus sell-through could bring some headwinds.”
It has not been pretty as AAPL is now at its lowest since before its earnings spike on Aug 1st.
This has pushed the Nasdaq dramatically lower…
via http://ift.tt/2xn2el4 Tyler Durden