Apple’s market cap fell below $2 trillion in trading Tuesday for the first time since early 2021 and one year to the day after the company became the first public tech company valued at $3 trillion. Shares of Apple\n \n ended Tuesday down nearly 4% after a report raised concerns about consumer demand for its products.
Like other tech companies, Apple has grappled with supply chain hiccups and concerns that recession fears could weigh on advertiser and consumer spending, including for pricier products like the iPhone. Ahead of the all-important holiday shopping period, Apple said it was experiencing “strong demand” for iPhone 14 Pro and iPhone 14 Pro Max models but it expected lower shipments than anticipated due to Covid-related disruptions at a supplier in China.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
United States United States Latest News, United States United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
FTX founder Sam Bankman-Fried to appear in court Tuesday | CNN BusinessSam Bankman-Fried, the disgraced founder of bankrupt crypto exchange FTX, is set to appear in person in a Manhattan federal court on Tuesday to face charges that include cheating investors out of billions of dollars. Is he really ‘disgraced’ in every interview he’s sounded arrogant and avoided responsibility Like all people I was born free from sin and crime, why did the environment and people attack me like most people, forcing them to sin and be criminals? We can and have a right to defend ourselves against this! Even with protective services! The death sentences for MohammadMehdiKarami & MohammadHosseini are affirmed in the Islamic Republic’s “Supreme Court” from the case for protests on Hadis Najafi’s 40th day in Karaj. These two’s precious lives are extremely in danger.
Source: CNN - 🏆 4. / 95 Read more »
World's largest iPhone factory bounces back from Covid disruption that hurt Apple | CNN BusinessProduction at the world's biggest iPhone factory, disrupted since October by China's Covid-19 restrictions and worker protests, is now running at nearly full capacity, according to a Chinese state media report. these protests were not because of COVID restrictions, because of some incentives for employees were withdrawn by company Wonder how they got them to go back to work......Apple knows
Source: cnni - 🏆 326. / 59 Read more »
Jim Cramer's Investing Club meeting Tuesday: 2023 mantra, infrastructure stocks, AppleInvesting Club: 3 investing lessons from the Club’s meeting Tuesday: 2023 mantra, infrastructure stocks, Apple How can anyone with half a brain buy into this investment club? jimcramer literally destroyed people who followed his calls last year. He’s gotta be down 50% easy Majority of his recommendations were calamitous, which caused many people their life savings. It’s common sense not to believe anyone who looks at a stock for a few seconds and tells you to “buy, buy, buy”, or “sell, sell, sell”
Source: CNBC - 🏆 12. / 72 Read more »