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Technology Stocks : Apple Tankwatch

AAPL 270.80

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1:49 PM EST

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To: Heywood40 who wrote (32431)	3/9/2020 3:22:54 PM
From: zax	Read Replies (1) of 32692

Apple iPhone Sales In China At 'Doomsday' Level Amid Coronavirus Outbreak investors.com A Wall Street analyst on Monday called the severe drop in Apple iPhone sales in China during the coronavirus outbreak "unprecedented" and unwelcome news for Apple ( AAPL) stock. The Chinese Academy of Information and Communications Technology released data showing roughly 500,000 Apple iPhone shipments in the country in February. That's down from 1.27 million units shipped in China in the same month last year. Overall smartphone sales in China fell 55% year over year in February. By comparison, Apple iPhone units dropped 61% last month. "These are doomsday type of iPhone units and overall smartphone sales," Wedbush Securities analyst Daniel Ives said in a report. Still, the numbers aren't surprising, "given the essential lockdown that most of China saw during the month of February with stores closed and the supply chain under massive pressure due to the coronavirus outbreak," he said. </snip> Read the rest here: investors.com Indcidentally, while you've been posting those daily "Natches", my 401K has been fully invested in bonds. Moved it all on August 23rd, 2019. Welcome to the new Taj Mahal casino.

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