Electronista

Mobile News   Apple  
updated 09:00 PM EST 12.14.12
AAPL drops four percent on 'misinterpreted' Chinese demand?
Moves by Apple to control crowds at Chinese stores (due to concerns of violence and scalpers) and an increase in the number of points of sale, as well as a stronger online and in-store reservation system may be fooling some analysts into thinking that the iPhone 5 is seeing weaker demand than forecast. Analysts from UBS and Jeffries cut their estimates on iPhone sales on Friday, sending the stock plummeting four percent to close at $509.79, a ten-month low. The lack of long line-ups that had been seen with previous iPhone launches may be making investors nervous.