Apple (AAPL) Falls as Kuo Cuts iPhone Estimates Sharply

November 29, 2022 11:25 AM EST
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Price: $145.93 +1.37%

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    45 Buy, 18 Hold, 5 Sell

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Downside in Apple (NASDAQ: AAPL) comes as analyst Ming-Chi Kuo cuts his estimates sharply.

"The total iPhone 14 Pro and 14 Pro Max shipments in 4Q22 will be 15–20 million units less than expected. Significant downside risks to Apple & iPhone supply chain due to Zhengzhou iPhone plant labor protests."

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