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The Story of Money

Investors fear 'peak iPhone'

The Story of Money

Manuela Saragosa

Business, Crypto, Markets, Finance, Banking, Investing, History, News

4.4400 Ratings

🗓️ 13 November 2018

⏱️ 22 minutes

🧾️ Download transcript

Summary

Apple shares have taken a hit this month amid fears that demand for the iPhone has peaked. Tim Bradshaw explains what is worrying investors.  



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Transcript

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0:00.0

Am I missing anything? Is this the right decision?

0:02.0

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0:03.0

Are I too late?

0:05.0

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0:08.0

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0:12.0

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0:21.1

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0:23.0

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0:26.6

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0:27.7

AI and take action today.

0:30.3

This year Apple became the first company

0:32.3

to be valued at $1 trillion.

0:35.0

But in the week since the iPhone maker said it was going to stop reporting a key sales metric,

0:42.0

investors have become a bit apprehensive. The share price has dropped

0:45.5

below $200, which has brought that valuation below the $1 trillion mark, at least for now.

0:52.4

And on Monday, shares dropped another 5%

0:55.0

after some smartphone suppliers lowered their own outlook

0:58.0

for future quarters.

1:00.0

Hello and welcome to Behind the Money with the Financial Times. I'm Amy Keene.

1:05.0

Today we're looking at Apple, the company widely credited with leading the smartphone revolution,

...

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