Apple stock continues to slide despite splashy iPhone 15 reveal

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Apple stock continues to slide despite splashy iPhone 15 reveal
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The new line of gadgets will be available in stores Sept. 22.

Some bearish analysts note thatThe global smartphone market has slumped as consumers grapple with inflation, although Apple’s shipments declined the least of any major smartphone maker, dropping from 46.5 million phones to 45.3 million, according to data from Counterpoint Research.

Itau BBA analyst Thiago Kapulskis, a noted Apple bear, cited three consecutive quarters of declining revenue. He told CNBC Pro that he expects Apple’s stock to fall another 9% due to turbulence in China.

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