Apple’s stock price fell for three consecutive days to the lowest level in more than a year, with a cumulative decline of 27% in 2022

iPhone 14 Pro

Phoenix Net Technology News, Beijing, December 28th, as of Tuesday’s close, Apple’s stock price closed at the lowest level since June 2021, as investors’ concerns about iPhone supply during the key holiday period exacerbated the decline in large technology stocks. Selling continues.

Apple shares closed down 1.4 percent on Tuesday, their third straight session of decline. While Apple is still doing relatively well in 2022, with a 27% decline, less than the tech-heavy Nasdaq 100’s 34% decline, Apple shares have underperformed Nasdaq over the past month. DAQ 100 index.

Apple stock hits more than one-year low

The recent weakness in Apple’s stock price stems from a shortage of its flagship iPhone 14 Pro series due to production disruptions at Foxconn. JPMorgan said in a note on Tuesday that iPhone supply is “improving and slowly moving towards parity with demand,” but added that at this time of year, Apple is typically “much closer to balancing iPhone supply and demand.” Far”. Because of the issue, the firm expects Apple’s December quarter results to be relatively “modest” relative to consensus estimates.

Technology stocks fell across the board on Tuesday, with the Nasdaq 100 down 1.5%. Technology stocks are facing their worst December performance since the dotcom bubble era, as investors expect Midland to maintain a hawkish stance against inflation. (Author/Xiao Yu)

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