Navigating Through Uncertainty: Apple's iPhone 15 Launch Raises Questions About Demand
Portfolio Pulse from Bibhu Pattnaik
Apple Inc. has launched its iPhone 15, which has led to a modest increase in its shares. However, there are concerns about the demand due to slowing iPhone revenues, potential dip in consumer spending, and the reported Chinese ban on iPhones for government officials. Despite these challenges, an analyst at Gimmie Credit predicts a rise in iPhone revenue in the upcoming fiscal quarter.
September 24, 2023 | 4:28 pm
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Apple's new iPhone 15 launch has led to a modest increase in its shares, but there are concerns about future demand.
The launch of the new iPhone 15 has led to a modest increase in Apple's shares. However, there are concerns about the demand due to slowing iPhone revenues, potential dip in consumer spending, and the reported Chinese ban on iPhones for government officials. These factors could potentially impact the stock price in the short term.
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