Apple inc. (AAPL) is trading at $584.62 as of closing November 5th which is a far cry from the $700 price it was trading at just over 50 days ago.
Many thought that Supply chain expert Tim Cook took the CEO spot after Steve Jobs’ passing, there should be a better managed system in place to match the demand. That has not been the case at all. Though many companies would love the problem that Apple has with having too great of a demand for their supply to match, it’s been a daunting problem for Apple. The success of the iPhone has not gone unnoticed by any means, but it seems as though Apple refuses to improve their supply to match the increasing popularity. Now with Android and Windows Phone all caught up to the iPhone in terms of quality, customers unable to get their hands on an iPhone will have alternatives to waiting for another 6 weeks for an iPhone. This may not be the only reason dragging down Apple’s stock price, but it certainly is a contributing factor, and one that Apple fails to address with their iPhone, iPads, and now the iPad Mini.
Source: Forbes