Bloomberg Businessweek
Apple’s iPhone Woes in China Deepen With a 24% Sales Plunge
Mar 5, 2024
The podcast discusses Apple's iPhone sales plunging by 24% in China, Blackstone's investment plans, innovation in real estate with REITs, labor shortages in the US, cyber risks, market trends post Fed cut, and AI-powered learning management systems for corporate training.
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Quick takeaways
- Apple's iPhone sales in China fell by 24%, raising concerns about demand for the aging device.
- Investors are cautiously seeking stock selection opportunities amidst market volatility and concerns about inflation and interest rates.
Deep dives
Market Volatility and Selective Buying Opportunities
Amidst market volatility, with the NASDAQ experiencing significant declines, there are indications of a pause for tech stocks that previously surged. While concerns about inflation and interest rates persist, investors are seeking stock selection opportunities. Despite the pullback, investors like Nancy Pryell from Essex Investment Management are selectively buying companies showing strong growth potential and attractive valuations.
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