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Startups & Tech

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Apple sinks below US$100 on news of slowing shipments

Analysts see annual sales falling for the first time since iPhone was launched

Published Thu, Jan 7, 2016 · 09:50 PM
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New York

APPLE Inc shares dropped below US$100 for the first time in nearly five months on Wednesday following reports of slowing shipments of the tech company's iPhone 6S and 6S Plus.

The stock briefly traded as low as US$99.87, its lowest level since Aug 24, a day when the entire stock market suffered a brief "flash crash". Apple shares traded as low as US$92 that day.

Apple stock closed down nearly 2 per c…

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