Apple's All-Glass iPhone Cancellation Rocks Corning Stock

Corning's stock price fell by 2.7% after reports that Apple scrapped its planned all-glass 20th anniversary iPhone model.

This move raises concerns about future specialty glass demand, which could impact Corning's business.

However, despite the setback, Corning's shares have been strong over the past year, with a 83.07% year-to-date return and a 1-year total shareholder return of 156.42%.

The company trades at $165.99, which is below its estimated intrinsic value of $200.65 and its analyst targets.