"Apple's Stock Tumbles Amid Persistent iPhone Concerns and Market-Wide Tech Rout"

Apple's stock fell by 3% following a Barclays report predicting continued iPhone sales weakness, particularly in China, and a lackluster outlook for the iPhone 16. The company's revenue from iPhone sales dropped by $5 billion in 2023 compared to 2022, and sales of Macs, iPads, and wearables also declined due to economic pressures. Despite growth in Apple's services business, Barclays anticipates a slowdown in this area as well. Apple is also engaged in a patent dispute with Masimo over the Apple Watch's blood oxygen sensor technology. However, Apple's upcoming Vision Pro AR/VR headset could represent a significant opportunity for the company in the emerging spatial computing market.