Hong Kong Stock Market News | Apple Concept Stocks Continue to Decline, FIH Drops Over 6% Due to Concerns Over Insufficient Apple Demand.
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Apple concept stocks continue to decline, with FIH, COWELL, and Sunny Optical Technology experiencing significant drops. Piper Sandler, an American investment institution, downgraded Apple's rating to "Neutral" due to concerns about insufficient demand for Apple products. Barclays analyst also downgraded Apple's stock rating to "Underweight". Foxconn's sales declined by 5.4% last year, and it is expected that sales will continue to decline this quarter, intensifying concerns about the sales momentum of the latest generation of Apple products. Counterpoint Research predicts that Apple's sales may decline in the fourth quarter of 2023.
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