"Analyst Predicts Significant Decline in Apple iPhone Shipments, Stock Slides 2%"

1 min read
Source: Forbes
"Analyst Predicts Significant Decline in Apple iPhone Shipments, Stock Slides 2%"
Photo: Forbes
TL;DR Summary

Apple's stock fell nearly 2% after a report from TF International Securities predicted a 15% decrease in iPhone shipments for 2024, citing supply chain issues and competition from Huawei and foldable phones. The company's stock has been declining since January, and the upcoming earnings report will be closely watched. Despite strong iPhone 15 sales, Apple's other hardware divisions, such as the MacBook, have experienced declines in sales.

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