Wednesday, January 26, 2022
Archived Post

AAPL share price dives after Apple Watch Series 3, iPhone 8 news

Shares in AAPL were sharply lower at the start of trading this morning on negative news about two new products; the Apple Watch Series 3 (which begins shipping tomorrow) and the iPhone 8 and 8 Plus.

For the Apple Watch Series 3, the bad news was that early reviewers had issues with the device not connecting to LTE networks — oddly enough, an issue caused by the Wi-Fi connectivity of the device. 

An Apple spokesperson told The Verge — which had panned the Watch in a review based on the technical issues — that “We have discovered that when Apple Watch Series 3 joins unauthenticated Wi-Fi networks without connectivity, it may at times prevent the watch from using cellular. We are investigating a fix for a future software release.”

As the Watch will be in the hands of many early adopters tomorrow, the need for a fast fix is imperative for Apple. With the iPhone 8 and 8 Plus, the “issue” isn’t really a surprise. Orders for the two new iPhones are slower than they were for the iPhone 7 and 7 Plus, primarily because of anticipation of the iPhone X. What analysts don’t seem to grok is that that most likely means that iPhone X sales will be better than expected.

Of course, there’s also news of a possible slow ramp-up of production of the iPhone X, which has also affected AAPL’s price. My personal take? We’ll see share prices hovering around $150 until the Watch fix is shipped. The next big leap in share price happens when the iPhone X hits the market and the company can’t make enough to meet the demand.

Steve Sande
the authorSteve Sande
Steve is the founder and former publisher of Apple World Today and has authored a number of books about Apple products. He's an avid photographer, an FAA-licensed drone pilot, and a really bad guitarist. Steve and his wife Barb love to travel everywhere!