The Mac Observer

Skip navigational links

You're viewing an article in TMO's historic archive vault. Here, we've preserved the comments and how the site looked along with the article. Use this link to view the article on our current site:
AAPL Drops Following iPhone Cutback Speculation

AAPL Drops Following iPhone Cutback Speculation

by , 12:30 PM EDT, July 31st, 2007

Apple's stock began sliding down after analysts at Miller Tabak & Co. speculated that the company is drastically cutting back its iPhone production. The firm claimed that the iPhone maker is cutting back its output from 9 million units to 4.5 million, according to TheStreet.com.

Although Apple CFO Peter Oppenheimer stated that the company was pleased with opening weekend sales, the 270,000 figure reported fell below some analyst's expectations. In some cases, those estimates topped 500,000 units.

Apple's stock took a hit last week after AT&T announced that it had activated 146,000 iPhones in the first day and a half the combination iPod and smart phone was available since many investors saw that as a sign of slow initial sales. By the time Apple announced its third quarter earnings on Wednesday, however, the stock was rebounding, and at one point shot up near $150.

While the company does not offer information on how many units it plans to produce for any of its products, executives did state that sales are on track to hit the one million mark by the end of September.

Apple is currently trading at $136.77, down 4.66 (3.29%).


If you are interested in Apple's stock, join our forum members in the Apple Finance Boards, a moderated forum for Apple Investors and people who are interested in Apple's financial dealings. For other stories regarding Apple's stock activity, visit our updated Apple Stock Watch Special Report.

  

Recent TMO Headlines - Updated September 27th

Mon, 6:38 PM
watchOS 3: Mickey and Minnie Mouse Can Now Speak the Time
Mon, 5:51 PM
iOS 10: How to Use Maps Extensions
Mon, 5:07 PM
TMO Background Mode: Interview with Founder & President of Bombich Software, Mike Bombich
Mon, 3:13 PM
iOS 10 Maps 'Overview' Buttons Moved to the Swipe-Up Drawer
Mon, 2:35 PM
A-Shirt Makes Apple-Inspired Shirts for Apple Fans
Mon, 2:32 PM
TMO Daily Observations 2016-09-26: macOS Sierra PDF Issues, Apple ID Two-Factor Authentication
Mon, 2:25 PM
Apple's iPhone 7 Invitation Refused by Bloggers
Mon, 2:01 PM
Avantree PowerHouse 4 Port Fast USB Charging Station
Mon, 1:28 PM
Stilo 6R Stylus Features Magnetic Body and Hybrid Tip
Mon, 10:40 AM
How to Stream the Clinton/Trump Presidential Debate on Your iPhone, iPad, and Apple TV
Sun, 12:06 PM
MGG 624: Sierra, APFS, Wi-Fi and Personal Servers
Sat, 9:04 PM
Can't Remotely Control Your HomeKit Devices? Enable iCloud Two-Factor Authentication
  • __________
  • Buy Stuff, Support TMO!
  • Podcast: Mac Geek Gab
  • Podcast: Apple Weekly Report
  • TMO on Twitter!