Scalper1 News
Investors gave Apple (AAPL) a slap on the wrist Thursday for reported problems with its new Apple Watch. Apple stock fell 2.7% to 125.15 on the stock market today. It was the third straight day of decline for Apple shares. Apple stock is down 5.7% since Monday’s close, just ahead of the company’s fiscal second-quarter results. Late Wednesday, the Wall Street Journal reported that Apple Watch production was slowed after a key component from one of two suppliers was found to be defective. The part involved is the taptic engine, which provides an electronic tap on the wrist for alerts. Reliability testing during production in February found that the component from one vendor started to break down over time. Taptic engines from the other supplier didn’t experience the same problem, the Journal said. No watches with the faulty part are believed to have shipped, but the issue caused a production Scalper1 News
Scalper1 News