What's Going On With Apple Shares
Portfolio Pulse from Henry Khederian
Apple Inc's shares are trading lower by 2.5% amid concerns about future rate hikes and lower-than-expected initial jobless claims data. Higher interest rates could increase the cost of borrowing for consumers, potentially reducing the affordability of Apple products and leading to lower sales and revenue. Additionally, rising interest rates could make it more expensive for Apple to finance debt, leading to higher interest expenses and reducing its net income.
September 26, 2023 | 7:51 pm
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Apple's stock is trading lower due to concerns about future rate hikes and lower-than-expected jobless claims data. Higher interest rates could negatively impact Apple's sales, revenue, and net income.
The news directly mentions Apple and discusses potential negative impacts on its financials due to possible future rate hikes. This could lead to lower sales and revenue for Apple as their products become less affordable for consumers. Additionally, higher interest rates could increase Apple's debt financing costs, leading to higher interest expenses and reduced net income.
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