Bloomberg Daybreak: Asia Edition cover image

Apple Suffers Downgrade, Tencent Buybacks Hit Record High

Bloomberg Daybreak: Asia Edition

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Introduction

Analyzing Apple's recent downgrade in share value, this chapter explores the impact of the weak macro environment in China on iPhone demand. The host interviews Jay Woods, the chief global strategist at freedom capital markets, to gain insights into Apple's long-term performance and references Bloomberg data regarding revenue contraction and bearish recommendations for the company.

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