Shulou(Shulou.com)11/24 Report--

Apple shares fell nearly 4% today, and the company's market capitalization fell below $2 trillion for the first time since 2021, CTOnews.com said. There are many reasons for the decline in stock prices, in addition to the superficial tight supply and demand of iPhone 14 Pro models, a deeper reason may be that high inflation and other factors lead consumers to reduce demand for high-end products.

There has been a widespread decline in the U. S. stock market, and Apple may perform better than some of its peers. It has lost 27% of its value in the past 12 months, while the overall loss of the tech hub Nasdaq composite index is 33%. Apple has reported growth for 14 consecutive quarters, but the company estimates that revenue will fall by about 1% in the fourth quarter of 2022.

There have been delays in shipments of the iPhone 14 Pro and iPhone 14 Pro Max models, but Foxconn said it had restored 90 per cent capacity at its main iPhone plant in Zhengzhou, China, as of December 30, suggesting that the supply crunch was expected to ease.

Nikkei Asia reported on Monday that Apple told several suppliers to reduce production of AirPods, Apple Watch and MacBooks components in the first quarter of 2023 because of weaker demand. Shipments of all these products and iPhone will decline year-on-year in 2023, according to research this week by Jeff Pu, an analyst at Haitong International Securities, an investment firm.

CTOnews.com learned that Apple briefly became a $3 trillion company in January 2022 after the COVID-19 pandemic fuelled strong demand for its products in 2020 and 2021. As more and more people work, study and connect with others from home, there is a great demand for Apple products.

As of press time, AAPL was trading at about $124.26.

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