Apple Faces Near-Term Headwinds in China

3 months ago

Nora Melinda

"Well, we're looking at broader markets all gaining, but we did see shares of Apple, ticker APL, flipping now into the red. They were earlier up uh as much as 2% but we're now seeing them lagging a bit down about 2/10en of a percent right now. So essentially the company posted a strong holiday outlook but they did talk about a sales decline in China. We know that's really been on the focus of a lot of investors as we think about supply chain constraints and we think about the roll out of their new iPhone. We're thinking about demand there over in China. And so that seems to be the clear overhang here for the company."

The speaker highlights that despite a robust holiday outlook, Apple (APL) is facing near-term pressure due to a sales decline in China amid supply chain concerns and uncertainty around iPhone demand.

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