Apple's stock is having its worst month of the year. Here's why [FOX Business Network]
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Source: FOX Business Network
Apple's stock is having its worst month of the year. Here's why video Apple's innovation outlook a concern for investors? The CyberGuy Kurt Knutsson and LJH Investment Advisors Managing Director Larry Haverty debate the outlook for Apple. Since peaking at a year-high in early May, shares U.S.-China trade tensions Continue Reading Below On Monday, shares of the iPhone-maker closed at $183.09, far from the 2019 high of $211.75, after HSBC released a note to investors in which they reduced their outlook for Apple, citing renewed China economic growth risks and tariffs. Apple shares climbed slightly higher on Tuesday. Trump's 25 percent MORE FROM FOXBUSINESS.COM... “Apple could increase prices, with dire consequences on demand given the evidence of price elasticity (late 2018 iPhone launches have already been seen as too pricey by consumers) and lengthening smartphone upgrade cycle,” Rambourg said in the note. And second, consumers in the Chinese market may shift to smartphone substitut
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