Weak iPhone sales, heightened competition in China, an antitrust lawsuit by the U.S. Department of Justice, and fines over anticompetitive app store policies in Europe have pressured Apple (AAPL) shares. Should investors look to buy the stock now? Read on to learn my view.
iPhone maker Apple Inc. (AAPL) shares have declined 11.7% year-to-date. Investor sentiments have been hit due to concerns over softer demand in China, falling sales, and increased competition. AAPL’s earnings and revenue for the second quarter are also expected to miss the consensus estimates.
