Apple Stock Sinks 5.1% as iPhone Sales Weaken – Is AAPL Losing Momentum?

Summary:
• Apple stock drops 5.1% as weak iPhone sales weigh on investor sentiment. AAPL closed at $227.48 and is currently trading at $226.98.

Apple’s stock (AAPL) fell 5.1% on Monday, extending its recent decline as weak iPhone sales weigh on investor sentiment. Growing competition from Samsung and Chinese smartphone brands erodes Apple’s market dominance.

At the close of Monday’s trading, Apple’s stock settled at $227.48 and is currently trading at $226.98 in pre-market hours. This decline signals ongoing selling pressure as Apple struggles to regain its record-high levels near $260 seen earlier this year.

Why Is Apple Stock Dropping?

• iPhone Sales Slowing Globally: Apple is facing increased competition from Samsung, Google Pixel, and Chinese brands like Xiaomi and Huawei.
• Regulatory and Supply Chain Challenges: Supply chain disruptions and higher component costs have squeezed profit margins, leading to cautious guidance from the company.
• Apple’s China sales have dropped, as local brands like Huawei gain traction.
• Geopolitical tensions and rising tariffs could further impact Apple’s revenue from the region.

Apple Stock Technical Analysis – Key Support and Resistance Levels

Apple currently trades at $226.98 in pre-market hours, signaling continued volatility.

• Immediate Resistance: $230.39 – Apple needs to reclaim this level for any bullish reversal.
• Key Resistance Above: $237.68 – A breakout above could indicate a shift in sentiment.

Key Support Levels to Watch:

• $219.78 – A key short-term support; breaking below could trigger more downside.
• $214.43 – A critical level; losing this would confirm further weakness.
• $206.26 – A potential bottom if bearish momentum continues.

What’s Next for Apple?

With weaker iPhone demand, growing competition, and regulatory risks, Apple faces a challenging period. Investors will closely monitor quarterly earnings, iPhone sales figures, and any updates on supply chain issues to determine whether AAPL can recover or continue its downtrend.