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Apple's Stock Slides as Analyst Predicts 15% Plunge in iPhone Shipments
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Apple's stock tumbled after analyst Ming-Chi Kuo predicted a 15% decrease in 2024 iPhone shipments, leading to a 10–15% year-on-year decline in shipments for iPhone 15 and 16 series. The market is not pleased with the report, and AAPL stock is sliding. The Nasdaq also declined to session lows in response to the news.
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