Shares of Apple (NASDAQ: AAPL) surged in the first few months of 2017, as sales of the iPhone 7 and iPhone 7 Plus beat expectations and as hype for the next-generation iPhone 8 began to build.
However, Apple stock has had an up-and-down performance since peaking in mid-May. A big reason for investors’ recent skittishness is a series of reports indicating that the iPhone 8 will be delayed due to various production problems.