AAPL | Apple Inc.
Apple Inc. is an American multinational technology company headquartered in Cupertino, California. Apple is the worlds largest technology company by revenue, with US$394.3 billion in 2022 revenue. As of March 2023, Apple is the worlds biggest company by market capitalization.
But there might be signs that the king is losing a bit of his lustre.
The stock has been in a downtrend since it was reported that the Chinese government has banned its employees from carrying Apple’s iPhones.
For phones over $600, the iPhone dominates the market with a 65% market share. Chinese consumers love Apple products.
Here are a couple of defensive stocks to load up on ahead of what could be a bumpy close to August.
Apple saw its third consecutive quarter of declining sales.
Apple usually sets the tone for earnings season. The world’s largest company by market capitalization is typically one of the first big tech companies to report.
Disney Becomes the Latest Company to Leave the Metaverse
Apple's CEO Tim Cook expertly navigates the complex relationship with China, striking a delicate balance between politics and business while strategically diversifying the company's supply chain.
