No one has been immune from the global economic downturn, and it looks like Apple (AAPL) is now feeling the pinch too. Ditching its previous plans to up production of its new iPhones after an expected increase in demand failed to transpire, the Street voiced its opinion on this bearish development by initially pushing the shares down. Wedbush analyst Daniel Ives is hardly surprised by the reaction. “Clearly this negative news in light of an already shaky macro and jittery market will send shockwaves across the Street with investors concerned this is another shoe to drop in this dark market with golden child Apple front and center,” said the analyst.
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Apple (NASDAQ:AAPL)
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