In a recent report from Market Movers, the sentiments of investors and analysts towards Apple have been compiled. As the holiday season approaches, it has been observed that the sales of Apple’s latest iPhone 15 have decreased by 4.5% in China compared to last year, just after 17 days of its release in the market. This data has been estimated by Counterpoint Research.
Interestingly, this decline in sales comes at a time when Huawei, a major competitor, has surpassed Apple in terms of market share leadership in China. This information was shared earlier this week by Jefferies, a renowned financial services company.
As a result of these developments, Apple experienced a 0.7% decrease in its stock price during Wednesday’s trading session. However, it’s worth noting that Jim Cramer, a respected financial expert, has included Apple in his Charitable Trust portfolio.
Looking ahead, Apple is scheduled to announce its earnings on November 2, which will provide a clearer picture of its financial performance during this period. These upcoming results will be eagerly awaited not only by investors but also by analysts and technology enthusiasts worldwide.
I have over 10 years of experience in the cryptocurrency industry and I have been on the list of the top authors on LinkedIn for the past 5 years. I have a wealth of knowledge to share with my readers, and my goal is to help them navigate the ever-changing world of cryptocurrencies.
