The price of Apple shares dropped like a rock earlier this year after the company reported a worse than expected decline in iPhone sales for the March quarter. On year, iPhone units sales plummeted by 10 million iPhones, which inevitably led to doomsday prepping among finicky investors. The tide turned quickly though, and Apple share have since recouped those losses and then some when June-quarter earnings were better than expected.
Of course, iPhone sales are still sinking despite how well the fiscal third quarter was aligned with investor expectations, and Apple isn’t the only company that relies on iPhone sales as its chief moneymaker. More →