Apple (AAPL) is an American multinational electronics hardware and software company. I am neutral on the stock. (See Analysts' Top Stocks on TipRanks) iPhone 13 Demand Decrease The initial thought behind the forecast in diminishing iPhone 13 sales was supply disruptions, but Apple publicly admitted that it's facing demand issues. Management has officially cut its full-year production plan by 10 million units after communicating to suppliers that consumers may skip upgrading to hard-to-find phones. The Dynamics of Demand Apple's higher-end hardware facilitates software downloads and is classified as Veblen goods due to its pricing category.
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Apple (NASDAQ:AAPL)
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