Apple (AAPL) is lower in the premarket as China iPhone sales fall. The iPhone faced stiff competition from Chinese companies, notes a Counterpoint Research analyst.
Apple Inc.'s stock is having its fifth down day in a row, and it's off almost 12% to start 2024 during a period when the broader market continues to roar higher.

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What we're seeing in today's pre-market is continued light selling, akin to Monday's overall trading attitude.

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China is in focus plenty today, after the country announced it was boosting its defense budget by 7.2%, pushing related stocks higher.
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Apple's Wall Street woes continued Tuesday as shares of the iPhone maker headed toward their lowest level in more than four months as investor anxiety mounts about Apple's artificial intelligence effo
Apple Inc (NASDAQ:AAPL, ETR:APC) shares suffered another blow on Tuesday, opening 2.2% lower after Counterpoint Research flagged a worrying decline in iPhone demand in China. Apple's iPhone struggled

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Toni Sacconaghi, Bernstein senior research analyst, joins 'Squawk Box' to discuss the troubles facing Apple, the company's AI strategy, the success of its services segment, and more.
Apple's (AAPL) sales of iPhones in China, its biggest overseas market, fell by 24% over the first six weeks of this year, according to market research firm Counterpoint.

Apple iPhone Sales Plunge in China

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China is the largest smartphone market in the world. Approximately 900 million people own them.
Weakness in China is the latest sign that Apple is in a rough patch. The stock has lost 9% this year.
A look at the day ahead in U.S. and global markets from Mike Dolan
There has been a lot of talk about highly successful – and often suspiciously successful –  stock market trades made by U.S. elected officials.

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Consumer spending is the engine of the U.S. economy. Consumer stocks are plentiful in Berkshire Hathaway's portfolio.
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