AAPL Stock Weekly Outlook: Will Apple's slide continue?

Apple campus model

Apple stock (NASDAQ:AAPL) continued its slide downward last week, closing on Friday at $96.96. This stretch marked the first time since October 2014 that AAPL has closed below $100. Reports of planned cuts in iPhone 6s production contributed to the drop in price, as the iPhone comprises 66% of net sales. The economic downturn in China hasn't helped the situation, with stocks across the board losing value.

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Apple to partner with Croma to establish retail presence in India.

Last week was a relatively flat week for Apple stock (NASDAQ: AAPL), as the share price fluctuated between $112.75 and $109.56, ultimately closing the week at $111.04 after opening on Monday at $112.73. The volume was low as well, reaching a high of 44.3 million during trading on Wednesday. Trading could pick up this week as the FY 15 fourth quarter results call approaches (Tuesday, Oct. 27th 5 p.m. ET).


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Apple stock drops nearly 10% last week.

Apple (NASDAQ: AAPL) share price woes continued as the market as a whole took a sharp downturn last week. Stock prices started the week at $117.16 and closed Friday at $105.76 for a whopping 9.7% loss on the week. Friday, which saw the most active trading since January, also saw the biggest slide of the week, opening at $110.43 and losing 4.2% by the closing bell. The volatility is attributed to a plunge in the Chinese market last week. Wall Street analysts are looking at this as a period of correction rather than the start of a bear market, as there are still many buyers out there.

AAPL Stock Weekly Outlook: Investors expect stock prices to fall further, installment plans could produce more iPhone upgrades and more

Apple Store in Huangzhou, China.

It appeared that Apple (NASDAQ: AAPL) stock was poised for a rebound after it gained nearly 3 percent on Monday, closing at $119.72. It wasn't to be, however, as share prices dropped 5.2% in the following 24 hours, closing Tuesday's high volume session at $113.49. Wednesday's trading saw a low of $109.63, a price not seen since January, though it closed the day at $115.24. The volume dropped off and the price plateaued for the rest of the week, with the share price closing Friday at $115.96.

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One Infinite Loop.

Apple (NASDAQ: AAPL) stock had a tough week, dropping to prices not seen since January. After opening the week at $121.50, share prices dropped precipitously on Tuesday and closed at $114.64 (and then dropped further to $112.95 in after hours trading). A bit was gained back on Wednesday after hitting the weekly low of $112.10 during trading. Share prices then leveled off for the rest of the week, closing Friday's session at $115.52 for about a 5% loss on the week.


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