Apple shares retreat over 2% amid China protests

Tuesday, 29. November 2022 19:54

Apple shares dropped more than 2% on Tuesday amid growing concern over the impact of the latest protests in China over the country's strict zero-COVID policy.

According to analysts, total iPhone 14 Pro and 14 Pro Max shipments in 4Q22 will be 15-20 million units lower than expected. In addition, Apple's supply chain could be affected due to the protests at the Zhengzhou plant.

At 1:51 pm ET, shares of Apple fell 2.27% to sell for $140.95.

Related Links: Apple Inc.
Author:
Baha Breaking News (BBN) / JG