finance.yahoo.com

Apple’s stock outlook pressured by Huawei and Xiaomi amid iPhone growth

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Apple’s September 9 product event faces renewed pressure from Huawei and Xiaomi as Huawei prices its Mate XT2 at $2,980 and boosts foldable dominance, while Apple’s iPhone remains central to results. Huawei’s smartphone share reached 22.6% versus Apple’s 18.1%, yet Apple reported record fiscal third-quarter revenue up 16% to $109.4 billion. The stock trades above estimated value.

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