Apple-Related Shares Nosedive Following New Product Releases

Apple-Related Shares Nosedive Following New Product Releases

Xu Wei

Date: Wed, 09/13/2017 - 11:22 / Keywords: Apple, A-Shares, Zhejiang Crystal-Optech, Shenzhen O-Film Tech, Shenzhen Desay Battery
Apple-Related Shares Nosedive Following New Product Releases
Apple-Related Shares Nosedive Following New Product Releases

(Yicai Global) Sept. 13 -- Shares linked to Apple Inc. [NASDAQ:AAPL] tumbled in morning trade following the release of the iPhone 8 and iPhone X.

At 10.35 a.m., Zhejiang Crystal-Optech Co. [SHE: 002273] was down 6.68 percent, to USD4.11 (CNY26.69), while Shenzhen O-film Tech Co. [SHE: 002456] dropped to CNY21.22, down 3.98 percent, Shenzhen Desay Battery Technology Co. [SHE: 000049] reached CNY55.71, 3.55 percent lower than yesterday's closing.

Apple released the iPhone X, iPhone 8/8 Plus and Apple Watch Series 3 yesterday. The iPhone8 fully supports AR technology and the iPhone X includes OLED full-screen design and face recognition.

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Keywords: Apple, A-Shares, Zhejiang Crystal-Optech, Shenzhen O-Film Tech, Shenzhen Desay Battery