Are Apple Investors Stuck in Financial Chaos?
Apple Inc. has been hit by a tech selloff that has put significant pressure on its investors. In their latest interview with Dan Ives, senior equity research analyst at Wedbush Securities, Bloomberg Technology talks about the financial chaos Apple investors are going through. Ives states that the condition of Apple Inc. shares has been comparatively worse than during the pandemic. The impact of Tesla’s overall supply chain challenges has also impacted the financial stability of Apple investors. A considerable slump in demand for the Apple iPhones is being tackled with an aggressive marketing and manufacturing strategy. When asked why Apple Inc. is optimizing its production in China and not in the US, Ives stated that the manufacturing cost of the iPhones in China is much lower. In addition, China brings more stability to its demand and supply chain and makes Apple products more affordable.
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