Apple's stock gets another downgrade as iPhone doldrums could continue
Just four days into 2024, Apple Inc. shares have caught their second downgrade of the year. Piper Sandler analyst Harsh Kumar lowered his rating on the…
Source: biztoc.com
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Apple suffers second rating downgrade in tough start to 2024, Telecom News, ET Telecom
"We are concerned about handset inventories entering into 1H24 and also feel that growth rates have peaked for unit sales ... deteriorating macro environment in China could also weigh on handset business," Piper Sandler lead analyst Harsh Kumar wrote in a note to clients.
Source: indiatimes.com
Apple's Ugly 2024 Start Plagued With Downgrades And Muted Foxconn Demand
ZeroHedge - On a long enough timeline, the survival rate for everyone drops to zero
Source: zerohedge.com
Foxconn expects Q1 revenue drop as iPhone demand falls
Apple's largest manufacturer says that Q4 2023 revenues for all of its business, including the iPhone, declined 5.4% year on year, and that it believes a slowing demand will also impact Q1 2024.
Source: appleinsider.com
The Nasdaq kicked off 2024 with its longest losing streak in over a year. This is what is driving it lower.
Investors likely waited until the new year to take profits in highflying technology stocks.
Source: marketwatch.com