Apple Shares Stumble Ahead Of Product Launch Next Week

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Apple Shares Stumble Ahead Of Product Launch Next Week

by Wochit 0:42 mins

Apple Shares Stumble Ahead Of Product Launch Next Week

by Wochit 0:42 mins

Apple Inc shares were on track Wednesday for their worst day since January ahead of the launch of its newest iPhone, with at least one brokerage mulling a stock downgrade unless its new products show better promise for profit growth. The stock lost $3.57 to $99.15, with 87 million shares changing hands, already exceeding its 50-day moving average of 45.8 million shares traded daily and putting it on track for one of its busiest days of the year.

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