Apple dips on lower forecasts

Shares in Apple dipped in New York last night, to below $200 per share. The reason was that Lumentum Holdings, which supplies parts for the Face ID feature on the latest Apple iPhones, lowered its sales and profit forecasts, citing an "order cut by a large unnamed customer".

This is precisely the kind of market noise that we like to avoid. Supplier order updates are very common. When you sell 40 to 60 million iPhones per quarter, it's not surprising that managing the parts process could get a bit lumpy!

Let's see how the sales of the iPhones go this festive season. I bet that they will be very good. You can't go wrong with the gift of a cell phone upgrade for your loved ones.

In other Apple-related news, I saw on Bloomberg that over 400 000 people have volunteered to be part of a new Apple Watch Heart Study at Stanford University. The idea is to examine whether their Apple Watches can detect undiagnosed heart rhythm problems. It will be one of the largest heart screening studies to ever be conducted.

More about the study on Bloomberg.com.