Apple Stock Declines Due to Sales Expectations: Apple’s stock fell significantly on Thursday,
dropping over 2% after adverse reports indicated a potential decline in demand for iPhones in the coming period.
These reports suggested that iPhone sales could substantially decrease, sparking investor concerns.

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Apple
Renault

US Home Sales

Apple Stock Declines Due to Sales Expectations

Apple’s stock fell significantly on Thursday,
dropping over 2% after adverse reports indicated a potential decline in demand for iPhones in the coming period.
These reports suggested that iPhone sales could substantially decrease, sparking investor concerns.

According to trusted analyst Ming-Chi Kuo, iPhone 16 shipments
are expected to decline by around 10 million units between
the fourth quarter of 2023 and the first half of 2024 due to several factors negatively impacting demand.
In stock market trading, Apple shares dropped by 2.51%,
losing $5.93 per share, bringing the price to $229.93 during US stock market trading.

Renault Stock Rises 6.5% After Positive Results

French carmaker Renault saw an unexpected rise in its third-quarter revenues,
driven by demand for its higher-priced vehicles despite a downturn in the market.
The company’s financial data showed that revenues increased by 1.8% year-on-year,
reaching €10.7 billion ($11.6 billion), surpassing analyst expectations of €10.35 billion.

Adjusted for constant exchange rates, revenues rose by 5% during the same period.

Following these positive results, Renault’s stock jumped by 6.78%, reaching €43 in mid-day trading.

US Home Sales Hit 14-Year Low

Existing home sales in the United States fell in
September to their lowest level since October 2010 amid record-high home prices.
According to data from the National Association of Realtors released on Wednesday,
sales dropped by 1% month-on-month to an annual rate of 3.84 million units,
falling short of market expectations of 3.88 million units.

Every year, sales declined by 3.5% compared to September of the previous year,
when they recorded 3.98 million units.
However, the median price of existing homes rose by 3% to $404,500,
marking the fifteenth consecutive month of price increases.

Apple Stock Declines Due to Sales Expectations

Apple Stock Declines Due to Sales Expectations

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