Apple Stock Lags Behind as Doubts Mount on iPhone Sales
Apple
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Investors are getting a little jittery about the outlook for Apple iPhone sales.
Apple generates more than half of its revenue from the smartphones, without even counting the billions of dollars brought in by the App Store and the growing suite of iPhone-based services. And right now, there are worries that the combination of Covid-related manufacturing shutdowns in China, component shortages, and signs of softening in the consumer economy are putting current Street expectations for the iPhone at risk.
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