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Apple stock has worst day since August 2024

MacDailyNews

Jan 16

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Following reports of weak iPhone sales in China, Apple’s stock closed down 4% on Thursday, marking its steepest single-day decline since August 5th. The stock price has fallen nearly 12% from its December peak, making it the worst-performing of the seven largest technology stocks in 2025 so far.

Kif Leswing for CNBC:
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Apple stock closed down 4% on Thursday, its worst day since Aug. 5, following several reports of lackluster iPhone sales in China.
The iPhone maker’s stock price is down nearly 12% from its most recent peak in December, and it’s the worst-performing of the seven largest technology stocks so far in 2025.
The slide comes after a report Thursday from Canalys, a market research firm, which suggested that Apple had fallen to third place in terms of smartphones sold in China in 2024, behind homegrown manufacturers Vivo and Huawei.
Apple shipped 15% of the 284 million phones sold in China last year, according to the report, but that was down 17% on an annual basis. Vivo and Huawei, meanwhile, saw strong growth.

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MacDailyNews Take: As we wrote on January 3rd, the late-December-early January pump and dump ahead of earnings is in full operation.

“China concerns” have long been a favorite theme for those looking to knock down AAPL.

For example, here’s how late 2024/early 2025’s “knock it down, accumulate, profit” story unfolded:

• Apple’s iPhone, other foreign smartphone sales in China drop 44.25% YoY in October – November 27, 2024
• IDC: Apple iPhone is No.1 in China smartphone market for first time ever – January 25, 2024
• Apple beats the Street on top and bottom lines – February 1, 2024

As we’ve long said, Wall Street is a game: play it well or don’t play it at all. – MacDailyNews, March 20, 2007 (on which day AAPL closed at the split-adjusted price of $2.79 per share)

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