Posted 10/16/2023, 10:46:00 AM
Apple Stock Drops as iPhone 15 Sales Slump in China
- Apple stock falls 1.2% on reports of declining iPhone 15 sales in China versus iPhone 14
- Market tracker Counterpoint estimates 4.5% drop in iPhone 15 sales in China in first 17 days
- Jefferies analysts indicate even steeper double-digit percentage decline versus iPhone 14
- Huawei gaining bigger-than-expected market share in China per reports
- Analysts say weak iPhone demand in China could lead to lower global shipments
