The U.S. economy contracted at a 1.4% annual rate in the first quarter, as the trade deficit soared to a record high and inflation began to weigh on consumer demand. Read More...
Reuters
Apple’s main investor concern this quarter: demand
Apple Inc investors have for years cheered investments to expand its supply chain to meet feverish global demand for iPhone and MacBooks. Rising costs for fuel, groceries and other essentials in the U.S., Europe and Asia has spurred concerns about lower consumer spending on tech gadgets, and Wall Street now is uncertain whether Apple can sell as many iPhones as it did last year. “Demand is the focus, given the inflation pressure in United States, global and China’s economy uncertainties… Supply issue is important too, but it is more short term,” said Jeff Pu, an analyst at Haitong International Tech Research.
