The annual dance of supply chain rumors has caught Apple Inc. (NASDAQ:AAPL) short of the $1-trillion market cap level. Shares dropped $3 overnight on Jun. 7, a loss of nearly $15 billion in market cap, after reports from Japan that the company is planning to ship 80 million iPhones next year, down from 100 million. The company sold 217 million phones, including older models, during the fiscal year ending last September, and 129.5 million for the six months ending in March. …read more
Source:: Yahoo Finance
