Why Apple Stock Was Sliding Today
Shares of Apple (NASDAQ: AAPL) were falling today on yet another data point showing weak iPhone sales heading into the new year.
As a result, the stock was down 2.3% as of 2:19 p.m. EST.
Market research firm Trendforce cut its forecast for iPhone shipments in 2022 after a COVID-19 outbreak in Zhengzhou, China where Foxconn manufactures iPhones.
Source Fool.com