Apple Stock Slides on iPhone Sales Slowdown and Regulatory Concerns
• Major downgrade from Barclays analyst due to concerns about slowing iPhone sales, especially in China • iPhone 15 sales have been "lackluster" and iPhone 16 expected to have limited compelling new features • Broader tech stock declines and investors taking profits after big 2023 Apple stock gains • Signs of waning iPhone demand globally, with loss of market share in China and India • Regulatory challenges to App Store business model posing risks going forward