Apple falls again on China iPhone supply fears–but to me it looks like a turnaround is approaching

Apple falls again on China iPhone supply fears–but to me it looks like a turnaround is approaching

Apple (AAPL) shares were down another 1.21% as of 3:30 p.m. New York time today, December 27. That took the stock down to its lowest price since June 2021. The worry, of course, is China where, first, shutdowns under the country’s 0-Covid policy closed factories and kept consumers out o stores, and then, second, where an abrupt reversal of that policy has accelerated a new wave of outbreaks.
The timing of these developments, though, has some advantages for Apple.

Notes You Need for October 23: Japanese stocks, Intel chips in Google phone, more on iPhone sales, earnings growth slow, dollar strength, rig count

Notes You Need for October 23: Japanese stocks, Intel chips in Google phone, more on iPhone sales, earnings growth slow, dollar strength, rig count

In my daily trawling through the market I come upon lots of tidbits of knowledge that I think are important to investors but that don’t justify a full post. I’ve decided to start compiling these notes here each day in a kind of running mini blog that I’m calling Notes You Need. It includes items like this from today: “10:40 a.m.: A teardown by iFixit showed that the Visual Core chip from Google’s new Pixel 2 phone is built on an Intel (INTC) chip. A Google spokesperson told CNBC that the “Pixel Visual Core is a custom designed process from Google” that the company built “with Intel.” Google also confirmed the Alphabet’s Wayne self-driving technology uses Intel chips.