Apple Shares Fall On Chinese Report That iPhone Shipments Plunged 33%

Apple shares fell in premarket trading in New York after official Chinese data showed iPhone shipments plunged 33% in February, compared with the same month last year, in the world’s second-largest economy—or the world’s largest smartphone market. These institutional desks, Barclays, Piper Sandler, and Jefferies, first warned of this downturn in iPhone sales in early January. Bloomberg cites […] Source