On Nov. 15, Sina American Stock News Beijing time, Apple fell for the longest time in more than six months. Investors reassessessed the company's growth prospects as signs of weakening demand for the iPhone increased.
Apple fell about 2.8% in New York, down fifth days in a row, the longest decline since late April. Apple has lost about 11% in five days, erasing about US $107 billion. Apple has only risen about 10% this year, up nearly 40% in early October.
Investors are worried about falling sales of the iPhone after several suppliers unexpectedly downgraded their revenue forecasts. Guggenheim downgraded Apple's stock rating Wednesday from buy to neutral, pointing out that Apple's dependence on the average price rise of the iPhone "is not enough" to support revenue growth expectations.
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