Apple Stock May Fall As China IPhone Sales Plunge
Portfolio Pulse from
Apple's iPhone sales in China, its second-largest market, fell by 18.2% in the December quarter, leading to a 4.4% drop in its stock price and analyst downgrades.
January 21, 2025 | 6:45 pm
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Apple's iPhone sales in China fell by 18.2% in the December quarter, leading to a 4.4% drop in its stock price and analyst downgrades.
The significant drop in iPhone sales in China, a major market for Apple, directly impacts its revenue and stock price. The 4.4% decline in stock price and analyst downgrades reflect the market's negative reaction.
CONFIDENCE 100
IMPORTANCE 90
RELEVANCE 100