Just as investors had anxiously awaited the new iPhone devices from Apple (AAPL
Typically, Apple releases its pre-order results once a device actually goes on sale; the iPhone 5S debuts on Friday and is not available for pre-order. Investors are more fixated on the iPhone 5C and its pre-order figures, as the device looks to break the tech firm into a key emerging market. Until the numbers for the 5C are released, the market sits on eggshells, as does Apple’s stock.
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Shares of Apple have been sliding since the new iPhones were announced, but with the recent China Mobile deal, revenues could see a nice increase as the company’s overall reach takes a big leap forward.
Apple shares were down $14.78, or 3.28%, at Monday’s close. The stock is down over 15% this year.
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