Apple is wrapping up a rough quarter, but history and Wall Street analysis show there's reason to expect a bounce ahead. The technology giant has dropped more than 4% in March alone, bringing its first quarter loss to nearly 10%. Meanwhile, the tech-heavy Nasdaq Composite has climbed almost 2% in the March and above 9% over the three-month period. But that underperformance could come to an end.
mountain Apple over the last three months That added to investor jitters seen earlier in the quarter after iPhone demand was called into question as the Chinese economy struggles. In fact, Counterpoint Research found iPhone sales there dropped 24% in the first six weeks of 2024. Concerns about long-term demand for the Vision Pro has heightened worries around interest for products.
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