"Apple Downgrade Sparks Tech Slide, Hits Market and iPhone Outlook"
TL;DR Summary
Asian-Pacific stock markets, particularly in South Korea and Taiwan, experienced declines as tech firms, including major chipmakers, faced pressure following a downgrade of Apple by Barclays. Apple's shares fell 4% after the downgrade, which also affected its suppliers in Asia, leading to lower market indexes in the region. In other news, India's factory activity slowed, China's online gaming stocks gained after a regulatory change, and BYD's vehicle production topped Tesla's. Meanwhile, cybersecurity stocks were under pressure in the U.S. market.
- South Korea and Taiwan lead Asia markets lower as tech firms slide after Apple downgrade CNBC
- Apple shares fall 4% after Barclays downgrade CNBC
- Apple shares slide following Barclays downgrade, dragging down markets CNN
- Apple Is Losing Market Share in Smartphones. The Stock Hit a Two-Month Low. Barron's
- Analyst: here's how iPhone 16 will compare to iPhone 15 9to5Mac
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