Low iPhone Demand Causes Apple Shares to Fall

Seattle (dBTechno) – The Apple Inc stock fell 6% on Tuesday after numbers were shown that the new iPhone may not meet expectations with sales and subscriptions.

The activation numbers for AT&T are not as good as many had hoped. Piper Jaffray and Co. analyst Gene Munster stated that the numbers given out are a “disappointment.” This is expecially the case since AT&T is the exclusive carrier of the iPhone.

146,000 iPhone devices were activated in the first two days of the sales agreement. The demand though for the iPhone now is in a huge decline.

CIBC World Markets stated “We have noticed decent inventories at stores and thin demand at best. Among the stores we visited, most visitors were not looking at the device and only a very small subset bought it.”

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