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Apple Investors React to Reports of Sluggish iPhone 8 Launch
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Apple (AAPL - Free Report) shares were down more than 1.5% in early morning trading Friday—a day which most Apple investors hoped would be a celebratory moment. Instead of celebration, however, the worldwide release of the company’s long-awaited iPhone 8 is being met with concern about demand for the device.
While we won’t likely won’t know any hard sales numbers for some time, investors are displaying nervousness after several reports of shorter lines at Apple stores around the world. For example, Reuterssaid the launch kicked off in a “less lively mood” throughout Asia and described “fewer than 30 people” lining up outside of Apple’s Sydney store.
In a similar vein, CNET mentioned that the line in Sydney “didn't snake around as many blocks as it has in the past.” The publication also reported that Apple store employees in China observed such short lines that they were forced to remove crowd control barriers.
Others have reported shorter-than-usual lines in Singapore, London, and New York. Of course, there are several new factors at play during this iPhone launch. Online preorders have become more popular than ever, meaning that showing up to wait in line is really just fanfare.
Nevertheless, Apple shares have slumped on the back of these reports, and we’ve seen plenty of mixed reactions throughout the social media world as well. It’s a big day for Apple and its investors, so the internet has been understandably reactionary to the news.
Here at Zacks, we like to keep our eye on these social media reactions. Here are a few of our favorite tweets on the matter:
$AAPL bear case: The line at Palo Alto location waiting for new watch 3 and iphone 8 (only a dozen in line) pic.twitter.com/aEBEdjgmrz
As you can see, the reactions have been mixed. How do you feel about the launch? Join the conversation with ZacksResearch on StockTwits and Twitter!
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Apple Investors React to Reports of Sluggish iPhone 8 Launch
Apple (AAPL - Free Report) shares were down more than 1.5% in early morning trading Friday—a day which most Apple investors hoped would be a celebratory moment. Instead of celebration, however, the worldwide release of the company’s long-awaited iPhone 8 is being met with concern about demand for the device.
While we won’t likely won’t know any hard sales numbers for some time, investors are displaying nervousness after several reports of shorter lines at Apple stores around the world. For example, Reuters said the launch kicked off in a “less lively mood” throughout Asia and described “fewer than 30 people” lining up outside of Apple’s Sydney store.
In a similar vein, CNET mentioned that the line in Sydney “didn't snake around as many blocks as it has in the past.” The publication also reported that Apple store employees in China observed such short lines that they were forced to remove crowd control barriers.
Others have reported shorter-than-usual lines in Singapore, London, and New York. Of course, there are several new factors at play during this iPhone launch. Online preorders have become more popular than ever, meaning that showing up to wait in line is really just fanfare.
Also, excitement for the iPhone 8 is muted because customers are already looking forward to the special-edition iPhone X, which will debut in early November (also read: Everything You Need to Know About the iPhone 8 and iPhone X).
Nevertheless, Apple shares have slumped on the back of these reports, and we’ve seen plenty of mixed reactions throughout the social media world as well. It’s a big day for Apple and its investors, so the internet has been understandably reactionary to the news.
Here at Zacks, we like to keep our eye on these social media reactions. Here are a few of our favorite tweets on the matter:
And of course, the community at StockTwits had plenty to say about the iPhone 8 launch too:
As you can see, the reactions have been mixed. How do you feel about the launch? Join the conversation with ZacksResearch on StockTwits and Twitter!
5 Trades Could Profit "Big-League" from Trump Policies
If the stocks above spark your interest, wait until you look into companies primed to make substantial gains from Washington's changing course.
Today Zacks reveals 5 tickers that could benefit from new trends like streamlined drug approvals, tariffs, lower taxes, higher interest rates, and spending surges in defense and infrastructure. See these buy recommendations now >>