Why Apple Stock Is Losing Flavor In Today's Premarket
Portfolio Pulse from Shanthi Rexaline
Apple Inc.'s shares fell in Monday's premarket due to two concerning reports. One report indicated slower sales for the iPhone 15 compared to the iPhone 14, due to competition from Huawei. Another report suggested that Goldman Sachs may withdraw from its consumer finance partnership with Apple, which could impact Apple's ambitions in the consumer finance sector.
October 16, 2023 | 12:05 pm
News sentiment analysis
Sort by:
Descending
NEUTRAL IMPACT
Goldman Sachs may withdraw from its consumer finance partnership with Apple, which could impact its operations and future plans.
The potential withdrawal of Goldman Sachs from its consumer finance partnership with Apple could lead to changes in its operations and future plans. However, it's unclear how this will impact Goldman Sachs' stock in the short term.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 60
NEGATIVE IMPACT
Apple's stock fell due to slower iPhone 15 sales and potential withdrawal of Goldman Sachs from their consumer finance partnership.
The slower sales of iPhone 15 compared to iPhone 14 indicates a potential decrease in revenue for Apple. Additionally, the potential withdrawal of Goldman Sachs from their consumer finance partnership could impact Apple's future revenue streams and growth in the consumer finance sector.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100