No News is Bad News for Apple on Monday

Shares of Apple are once again facing horrendous selling pressure today following a deafening silence of good news. A large number of industry analysts and Wall Street watchers were expecting Apple to report positive preorder sales information from the weekend’s start of iPhone 5C reservations. But no such good news was reported by Apple. For …   Read More

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No News is Bad News for Apple on MondayShares of Apple are once again facing horrendous selling pressure today following a deafening silence of good news.

A large number of industry analysts and Wall Street watchers were expecting Apple to report positive preorder sales information from the weekend’s start of iPhone 5C reservations.

But no such good news was reported by Apple.

For the first time since the 2009 introduction of the iPhone 3GS, Apple appears to be keeping quiet on just how many devices it presold in the first 24 hours. In the past, the company has published the first-day figures in an early-morning press release on the Monday following the Friday start of sales.

Not withstanding reports Monday morning that China Unicom has already logged some 100,000 iPhone 5C and iPhone 5S reservations in China since preorders commenced ahead of last weekend, no news on the domestic front is spooking traders and investors alike today, CNET reports.

Apple’s new iPhone 5S and iPhone 5C officialy go on sale in the U.S. this Friday.

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