Apple’s Stock Takes A Hit Amid iPhone Sales Concerns
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Apple dominated market discussions on Thursday, but not for the right reasons.
The tech giant’s stock tumbled over 4%, marking its steepest single-day drop since August.
The sharp decline came despite otherwise strong earnings, as investors focused on growing concerns about slowing iPhone sales growth and intensifying competition in the global smartphone market.
One of the biggest red flags was Apple’s performance in China, one of its critical markets.
Recent reports revealed the company slipped to third place in 2024 smartphone sales, trailing behind domestic competitors Vivo and Huawei.
This shift highlights Apple’s increasing pressure from local brands offering competitive features at lower prices.
With mounting competition in hardware and uncertainty around demand, investors are now questioning Apple’s long-term growth trajectory.
Could this be a temporary setback, or is Apple losing its edge in the smartphone race?
Data: eToro