Apple stock sinks on iPhone, China and Apple Music concerns

By | August 3, 2015

Scalper1 News

Apple (AAPL) stock fell to its lowest level in six months Monday over concerns about slowing iPhone sales, especially in China. The Cupertino, Calif.-based company also is dealing with growing complaints about its new Apple Music service, which some critics have described as a “mess.” Apple shares fell below their 200-day moving average for the first time since September 2013. The 200-day moving average is an important level of price support watched by investors. Apple was down over 2% to below 119 in afternoon trading on the Scalper1 News

Scalper1 News