Apple stock fell more than 2% shortly after market open to as low as $169, registering its lowest price since Oct. 31, and heading toward its fifth consecutive losing session.
The primary catalyst for Tuesday’s losses was a report from Hong Kong-based Counterpoint Research indicating iPhone sales fell 24% year-over-year over the first six weeks of 2024, an unwelcome finding considering China accounts for more than 15% of Apple’s revenues and sales in the region already fell 13% in Apple’s most recent quarter, on an annual basis…Read More