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Stock impact report

Apple: Not A Repeat Of 2015-16 [Seeking Alpha]

Apple Inc. (AAPL) 
Last apple inc. earnings: 4/30 04:30 pm Check Earnings Report
US:NASDAQ Investor Relations: investor.apple.com
Company Research Source: Seeking Alpha
Summary On Monday, shares of technology giant Apple ( AAPL ) led the market lower, falling more than 5% to their lowest level in a couple of months. The decline came after Lumentum ( LITE ), a company that supplies lasers for Apple's FaceID system, warned of a revenue shortfall , increasing fears over an iPhone slowdown. While some are starting to wonder if this is a repeat of the 2015-2016 period where Apple shares lost a third of their value as seen in the chart below, the situation today is much different, and that's a good thing. ( Source: Yahoo! Finance) Shares of Apple are now almost $40 off their all-time high, a decline of nearly 17%, as of Monday's close. The market came off its highs in October, and then Apple issued weak guidance at the beginning of this month. On Monday, the Lumentum news spooked the street, and it didn't help that both Longbow Research talked about weak iPhone orders alongside a negative JP Morgan note. Later on in the day, it Show less Read more
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