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Apple’s Tepid Demand for New iPhones Is Worrying Investors

Scarlett Ness
Updated
Apple’s Tepid Demand for New iPhones Is Worrying Investors

Apple investors were already worried after the tech giant posted a weak holiday-quarter sales forecast and lowered its outlook from several suppliers. Apple stock fell nearly 4% on November 19 and ~4.8% on November 20 amid fears that sales of the new iPhone models, including the iPhone XR and the flagship iPhone XS and XS Max, may not be as strong as the company had initially expected. Apple’s prominent suppliers Qorvo (QRVO) and Lumentum Holdings (LITE) also lowered their guidances due to softness in iPhone-related orders.

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