Apple shares closed down slightly negative Thursday, paring back losses of as much as % following a report about weakening iPhone demand heading into the holidays.A report Wednesday night said Apple warned its suppliers demand is lower than expected for new iPhones, rattling the stock that resisted the omicron-fueled volatility in the market this week. But word of weak demand on top of the known supply chain issues sent shares of Apple down % in premarket trading Thursday morning.Even as Apple shares fell, the broader market was up, with the Dow rising points after Wednesday s omicron sell-off.The current quarter marks the first full quarter that Apple s new iPhone model, the iPhone , will be available. Apple also introduced other new products ahead of the holiday shopping season, including a new version of AirPods and a redesigned MacBook Pro. But the iPhone remains Apple s most profitable product, so any signs of weakening demand going into the holidays are sure to send the company s shares lower.Still, analysts expect Apple to report growing revenues for the quarter after it booked more than $ billion in revenue for the first time in the holiday quarter. CEO Tim Cook told CNBC […]

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Gift yourself an iMac and $300 in savings all in one go with this iMac Cyber Monday deal. That’s right: Among all of the best Cyber Monday deals on offer, we found you a great deal on an iMac for just $799. It’s usually priced at $1,099, but with this 27% Cyber Monday discount from Amazon, you’re getting it for far less than that. It’s a steal, but you only have hours to get after it. If you want one, don’t hesitate to hit that Buy Now button.Today’s best iMac Cyber Monday dealFront view of an iMac on a white background.Amazon/Apple Why buyDecent amount of storage at 256GBGood port selectionA FaceTime HD webcamComes with Magic Keyboard and Magic Mouse 2With this deal, you can put together a great home office workstation in no time. It comes with everything you need: A 21.5-inch iMac, a Magic Keyboard, and a Magic Mouse 2. The iMac itself comes with a brilliant LED-backlit display, a seventh-generation dual-core Intel Core i5 processor, 256GB of solid-state drive (SSD) storage, 8GB of RAM, and Intel Iris Plus graphics.You’re also getting a wide variety of ports, including two Thunderbolt 3 ports and four USB A ports. It also […]

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Supply chain challenges have hit companies worldwide with tech giant Apple, Inc. (NASDAQ:AAPL) as no exception to these issues.Cyber Monday Confirms Supply Tightness: Entering Black Friday, lead times for 10 Apple products suggested a wider demand-supply gap than what was suggested by the company on its September quarter earnings call, Loup Funds Managing Partner Gene Munster said in a note.Apple is quoting an average of 18 days for seven new Apple product SKUs in six countries, a slight improvement from 20 days observed last week, but higher than the typical lead times of 10 days for new Apple products going into Cyber Monday, Munster said.Apple’s guidance for an $8 billion supply chain headwind for the December quarter would imply lead times entering Cyber Monday of 16 days, on average, the analyst added.Related Link: Analyst Says Apple’s Supply Chain That Crashed The iPhone Party Is ‘Transitory,’ Views Sell-Off As ‘Golden Buying Opportunity’Lead Times Highest For iPad: New iPads model lead times are averaging 39 days, Munster said.The iPhone 13 has an average delivery time of eight days, the analyst noted. iPhones typically account for just under 60% of the December quarter revenues, he added.Demand for Apple’s newest and previous generation products […]

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