Since hitting its peak price of $233.47, Apple's shares have declined nearly 35% to Friday's close of $148.26. While some of the decline occurred last week after Apple lowered its revenue guidance for the fiscal first quarter, much of the decline took place beforehand as 2018 iPhone sales have failed to reach expectations. Apple has been hoping that growth in Services would help make up for the iPhone's lack of growth, but it is apparent that the company needs a new product line to get Wall Street excited about the company again.
CNBC notes that Apple has $237.1 billion in cash ...
Sunday, 6 January 2019
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