Apple shares renewed their low since June 2021 due to a drop in iPhone shipments

By: Maksim Panasovskyi | 28.12.2022, 20:07

Problems with the supply of smartphones iPhone caused the decline in the value of the securities of Apple.

Here's What We Know

Investors are concerned that Apple is not able to provide a full supply of smartphones during the holiday period. The key reason is the cessation of production at the Foxconn plant in China, which produces almost all iPhone 14 Pro and Pro Max models.

On December 27, the value of securities of the company from Cupertino fell by 1.4%. Thus the rate updated the minimum since June 2021. During the year Apple shares have fallen in price by 22%. But this is not the worst figure in the sector, as the NASDAQ-100 stock index fell by 34% in 2022.

Source: Bloomberg

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