Apple Stock Selloff Deepens. China and iPhone Worries Are Overdone, Says Wedbush.
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Apple's stock is experiencing a selloff due to concerns over iPhone sales in China. However, Wedbush analyst Daniel Ives believes these worries are overdone, as iPhone growth in the U.S. and globally offsets the softer sales in China.
January 23, 2025 | 12:00 pm
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Apple's stock is under pressure due to concerns about iPhone sales in China. However, Wedbush analyst Daniel Ives argues that these concerns are overblown, as iPhone growth in the U.S. and globally compensates for the weaker sales in China.
The selloff in Apple's stock is driven by concerns over iPhone sales in China. However, the analyst's view that global growth offsets these concerns suggests a neutral short-term impact, as the market may adjust to this perspective.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100