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iPhone sales didn't break any records this time and people are worried about its slow demand. Apple right now is not anywhere near the growth that people were expecting to see. However, the tech giant is still going strong for a lot of reasons. Since the highest Apple stock has ever closed in February last year, the company has lost one-quarter of its market valuation. The reason for decline has been attributed to weak selling current generation iPhones that the investors believe will not be able to beat the iPhone 6 of 2014, reported The Sydney Morning Herald.

According to Wall Street's speculation, the iPhone sales for the fiscal year end in September will not make any significant progress and is expected to even decline from the last year's sale volumes recorded. This will be the worst year for iPhones since they were introduced in 2007. Lucky for Apple, most smartphone competitors are currently struggling in the market. However, the biggest competitors for Apple are not its rivals but its own standards of expectation that the company is not able to cope with. With iPhones being Apple's major selling product, it gives a valid reason to the investors to worry about the company's growth, according to Bloomberg.

There has been a growth in panic after the data collected from companies that sell computer chips and camera lens have been asked to cut the production of the handsets, said reports from Wall Street Journal and Nikkei. It is only logical to expect the investors to keep a close watch on the hints dropped by suppliers to predict the iPhone sale trends. It is common for Apple to cut back production of its handsets after the launch of its new iPhone line. However, this time, the cuts are higher than they have been in the past.