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Apple Falls After Analyst Report Indicates Weak iPhone 8 Demand

  • Rosenblatt’s Zhang says demand lower than for 6, 7 models
  • Apple investigates fix for connectivity problem with new Watch
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Apple Announces the $999 IPhone X

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Apple Inc. shares fell the most in more than a month after an analyst said demand for the iPhone 8 is “substantially lower” than for earlier models of the world’s best-selling smartphone.

Pre-order volumes in the U.S. for the iPhone 8 fell below those for the iPhone 7 and iPhone 6, Rosenblatt Securities analyst Jun Zhang said in a note to clients. Demand in China is even lower, the analyst said. Zhang has a neutral rating on Apple shares.