Bearish
Apple's stock drops 1.11% to $336.64 amid iPhone 18 Pro order cuts
Apple's stock declined by 1.11% to $336.64 following reports of a 15-20% reduction in iPhone 18 Pro component orders, indicating weaker-than-expected demand. This news overshadowed the anticipation of Apple's upcoming 'Welcome Home' event on October 13, which is expected to unveil new smart home products.
Key points
- Apple reduces iPhone 18 Pro component orders by 15-20% due to lower demand.
- Apple announces 'Welcome Home' event on October 13, focusing on smart home products.
- Analysts anticipate new smart home devices, including HomePad hub and Apple TV 4K, at the upcoming event.
Sources
- Apple cuts October iPhone 18 Pro component orders; SPCX agrees USD 8bln spectrum acquisitionNewsquawk · October 9, 2026
- Apple announces 'Welcome Home' event for the 13th of October – are we finally about to see a new Apple TV 4K and HomePod Mini?What Hi-Fi · October 9, 2026
- Apple's new smart home lineup is coming as 'Welcome Home' event confirmed for 13th OctoberT3 · October 9, 2026
- Apple announces 'Welcome Home' event for 13th October, signaling new smart home productsT3 · October 9, 2026
AI-generated from public news sources. Not financial advice.
