Facebook Twitter 新浪微博 Instagram YouTube Tuesday, May. 3, 2016

Three Signs Signaling Apple’s Losing Streak

By Ren Jianmin, Shen Chen (People's Daily Online)    08:21, May 03, 2016

Apple's flagship store on the 5th Avenue, New York (Photo/Ren Jianmin)

Apple Inc. has been having rough days, and three signs are signaling that the company is losing its Mojo in the market.

Apple (AAPL) stock slid for the eighth straight trading session on Monday, with its shares fell a fraction to $ 93.64 on the stock market. Apple’s current eight-day losing streak is its longest since an eight-day losing streak ended July 28, 1998.

Last Tuesday, Apple reported a fall in quarterly sales for the first time in 13 years, reinforcing concerns that Apple is reaching the limits of iPhone growth and that a push in China won’t make up for a slowdown in the rest of the world. The Apple iPad Air 16GB went on sale on Walmart site is priced down to a historic $249.

Apple's flagship store on the 5th Avenue, New York (Photo/Ren Jianmin)

The firm is no longer benefiting as much from the rapid adoption of smartphones around the world. The once crowded scenes in Apple Stores are no longer a daily routine. In Apple’s flagship store on the Fifth Avenue in New York City, there is almost the same amount of Apple Store staff as customers, which is also never seen before.

(For the latest China news, Please follow People's Daily on Twitter and Facebook)(Editor:Bianji,Wu Chengliang)

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