ForexEzy
No Result
View All Result
  • Top Forex Advisors
    • Best Forex Robots
    • Best Forex Signals
    • Best Managed Accounts
  • Top Forex Brokers
    • Best Forex Brokers
    • US Forex Brokers
    • UK Forex Brokers
    • MT4 Forex Brokers
    • MT5 Forex Brokers
    • Zero Spread Brokers
    • Best PayPal Brokers
    • TradingView Brokers
    • Social Trading Platforms
  • Top Review Platforms
  • Forex Education
    • Getting Started
    • Forex Basics
    • Forex Trading Strategies
    • Money Management
    • Risk Management
    • Technical Analysis
    • Fundamental Analysis
    • Trading Psychology
    • Social Trading
    • Automated Trading
  • Forex Tools
    • Forex Robots
    • Forex Indicators
    • Forex Signals
    • Forex VPS
  • Forex Forecast
  • Crypto
    • Best Crypto Exchanges
    • Best Crypto Bots
    • Crypto Guides & Forecasts
  • Top Forex Advisors
    • Best Forex Robots
    • Best Forex Signals
    • Best Managed Accounts
  • Top Forex Brokers
    • Best Forex Brokers
    • US Forex Brokers
    • UK Forex Brokers
    • MT4 Forex Brokers
    • MT5 Forex Brokers
    • Zero Spread Brokers
    • Best PayPal Brokers
    • TradingView Brokers
    • Social Trading Platforms
  • Top Review Platforms
  • Forex Education
    • Getting Started
    • Forex Basics
    • Forex Trading Strategies
    • Money Management
    • Risk Management
    • Technical Analysis
    • Fundamental Analysis
    • Trading Psychology
    • Social Trading
    • Automated Trading
  • Forex Tools
    • Forex Robots
    • Forex Indicators
    • Forex Signals
    • Forex VPS
  • Forex Forecast
  • Crypto
    • Best Crypto Exchanges
    • Best Crypto Bots
    • Crypto Guides & Forecasts
No Result
View All Result
ForexEzy
No Result
View All Result
The World’s Leading Social Trading Platform
Try now
Home News

Apple’s Struggles Continue in 2024

by Administrator Forexezy
January 5, 2024
in News
0
0
SHARES
11
VIEWS
Share on FacebookShare on Twitter

Apple’s year is off to a rocky start with its stock falling for the third consecutive trading day in 2024. The stock is expected to open lower again on Friday, dropping by 0.9% in premarket trading.

If this trend continues and the price holds through the close, it would mark Apple’s longest losing streak to begin a new year since 1982. This was the last time the stock experienced a decline in the first four days of a calendar year, according to Dow Jones Market Data.

While this may seem concerning, recent history shows that Apple has faced worse starts to the year in terms of percentage. In both 2016 and 2019, the stock dropped 8.4% and 6.2% respectively in the first four days.

However, it’s important to note that a poor start to the year doesn’t necessarily dictate the stock’s performance for the rest of the year. In fact, in both instances mentioned earlier, Apple’s stock ended the year on a positive note.

Looking back at the past 20 years, FactSet data reveals that Apple’s stock has declined more than 5% in January on five occasions. Surprisingly, in four of those instances, the stock went on to post annual gains.

In three cases, the shares managed to recover from their January losses by the end of April, while in another instance it took until November. The only exception was 2008 when Apple’s stock didn’t recover its year-end 2007 price until October 2009.

Overall, it’s clear that Apple’s rocky start in 2024 is not uncommon and does not necessarily indicate future performance. Investors will be watching closely to see how the tech giant bounces back from this challenging period.

The Best Forex Robots Report Is Already Here!
best forex robots
Check out 30+ best expert advisors with daily updated live results and statistics
Click Here

Apple Faces Downgrades and Market Share Loss in Challenging Start to 2024

Barclays analysts recently downgraded Apple’s stock to Underweight from Equal Weight, citing weak sales of iPhones and Mac computers. This downgrade was followed by Piper Sandler analysts, who also moved their rating from Overweight to Neutral, expressing concerns about iPhone unit sales growth rates reaching their peak and a weakening macroeconomic environment in China.

Adding to Apple’s troubles, recent data from Counterpoint Research revealed that the company lost market share in smartphones in 2023. Furthermore, the broader technology sector has faced difficulties with investors reevaluating the likelihood of Federal Reserve rate cuts starting in March.

As a result, Apple’s stock has already experienced a 5.5% decline in 2024. The company’s position as the world’s most valuable company is now being threatened, with Microsoft closing Thursday with a market capitalization of $2.7 trillion, only $100 billion less than Apple. This is the smallest gap between the two tech giants since November 2021.

With Apple underperforming and Microsoft remaining relatively stable ahead of Friday’s market opening, it is expected that the gap between the two will narrow even further.

In summary, Apple faces multiple challenges in the early stages of 2024, including downgrades from analysts, a decrease in market share, and increased competition from Microsoft. These factors contribute to Apple’s declining stock performance and bring into question its status as the world’s most valuable company.

The Best Forex Robots Report Is Already Here!
best forex robots
Check out 30+ best expert advisors with daily updated live results and statistics
Click Here
Tags: Applecompetitiondowngradesmarket share lossMicrosoftstock market
ShareTweet
Previous Post

Constellation Brands Exceeds Earnings Expectations but Falls Short on Sales

Next Post

Impact of Market Sentiment on Mortgage Rates

Related Posts

Satoshi Nakamoto, BlackRock, and TechBerry — a new investigation by Newsweek

by Administrator Forexezy
May 28, 2025
0

Newsweek has published a new sensational investigation with a loud headline: “Satoshi Nakamoto, BlackRock, and TechBerry: Who Really Holds the...

Liang Wenfeng: From the AI Trading of TechBerry to DeepSeek’s Game Changing R1 AI model

by Administrator Forexezy
February 11, 2025
0

It was just a couple of weeks ago that the well-known Chinese startup DeepSeek released its AI model to the...

Amid Challenges, Reforms, 15 Insurance Companies Declared N142.2bn PBT in 2024

by Administrator Forexezy
February 9, 2025
0

Despite challenges and the ongoing reforms, 15 insurance companies listed on the Nigerian Exchange Limited (NGX), declared N142.2 billion profit...

These 3 Cryptos Could Explode in 2025, But Which One Will Gain 30x? Tron (TRX), Solana (SOL), or Rexas Finance (RXS)? – Blockonomi

by Administrator Forexezy
February 8, 2025
0

The cryptocurrency world constantly shifts and changes as new projects are started and existing ones are maintained through innovation. As...

US dollar exchange rate continues to decline in Iraq

by Administrator Forexezy
February 4, 2025
0

Baghdad (IraqiNews.com) - The exchange rate for the US dollar compared to the Iraqi dinar declined on Tuesday in the...

Load More

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Best Forex Automated Systems

  • TechBerry 9/10
  • Happy Galaxy 8.5/10
  • Forex Cyborg 8.5/10
  • Forex Fury 8/10
  • FXgoodway 7.5/10
  • Best Forex Brokers
  • Best Forex Robots
  • Best Forex Signals
  • Best Forex Managed Accounts

Top Trading Markets

We are dedicated to demystify the world of forex trading for you – no matter what level you are on.

Categories
  • Automated Trading
  • Crypto Robot Review
  • Cryptocurrency Trading
  • Day Trading
  • Forex Basics
  • Forex Brokers
  • Forex Education
  • Forex Forecasts
  • Forex Indicators
  • Forex Market Commentary
  • Forex Robots
  • Forex Signals
  • Forex Signals
  • Forex Tools
  • Forex Trading Strategies
  • Forex VPS
  • Fundamental Analysis
  • Managed Accounts
  • Money Management
  • News
  • Review
  • Review Platforms
  • Risk Management
  • Social Trading
  • Technical Analysis
  • Top World Traders
  • Trading Apps
  • Trading Psychology
  • Uncategorized
Tags
Acquisition AI Amazon Apple Artificial Intelligence Bitcoin bond yields CEO China earnings earnings report economy Electric Vehicles Federal Reserve financial performance Financial Results forex ea forex software reviews Growth Guidance Housing Market inflation interest rates Investing investment Investors Market Volatility merger mortgage rates net profit Nvidia Oil prices Q2 Results revenue Revenue Growth Sales sales growth Stock Futures stock market stock performance Stocks strategies technology Tesla Video
  • Terms of Use
  • Privacy Policy
  • Compensation Disclosure
  • Risk Disclosure
  • About Us
  • Contact Us

Copyright © 2023 by ForexEzy.com

No Result
View All Result
  • Top Forex Advisors
    • Best Forex Robots
    • Best Forex Signals
    • Best Managed Accounts
  • Top Forex Brokers
    • Best Forex Brokers
    • US Forex Brokers
    • UK Forex Brokers
    • MT4 Forex Brokers
    • MT5 Forex Brokers
    • Zero Spread Brokers
    • Best PayPal Brokers
    • TradingView Brokers
    • Social Trading Platforms
  • Top Review Platforms
  • Forex Education
    • Getting Started
    • Forex Basics
    • Forex Trading Strategies
    • Money Management
    • Risk Management
    • Technical Analysis
    • Fundamental Analysis
    • Trading Psychology
    • Social Trading
    • Automated Trading
  • Forex Tools
    • Forex Robots
    • Forex Indicators
    • Forex Signals
    • Forex VPS
  • Forex Forecast
  • Crypto
    • Best Crypto Exchanges
    • Best Crypto Bots
    • Crypto Guides & Forecasts

© 2023, Forexezy. {copy} {year}