What Happened to AAPL on Wednesday? MOSK: 09.07.2023

Mac OS Ken

Ken Ray

Technology

4.7 • 996 Ratings

🗓️ 7 September 2023

⏱️ 15 minutes

🔗️ Recording | iTunes | RSS

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Summary

- Tech Shares Tanked Wednesday for… Reasons - China Bans Foreign Tech Use for More Government Workers - EU Official Adds Apple to DMA "Gatekeeper" List - TrendForce Data Casts Doubt on Strength of iPhone 15 Pro Max Sales - Horace Dediu: iPhone Users More Valuable to Developers Than Android Users - Apple Will Load iPhone and iPad Apps in Vision Pro App Store - UK Backs Away From Magic Door Encryption Demands - Power what we do next for as little as $1 a month. Join the Mac OS Ken Test Kitchen at Patreon at Patreon.com/macosken - Send me an email: info@macosken.com or call (716)780-4080!

Transcript

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0:00.0	This is Mac OSKIN.
0:05.0	What the heck happened to Apple shares?
0:11.0	Horstinee assigned value to iPhone users and the UK backs off its
0:17.2	demand for a magic door.
0:20.2	It is Thursday, 7th of September, 2023.
0:23.6	I'm Ken Ray, and this is news from MacO.S. Ken,
0:29.2	brought to you by yours truly and supported by people like you patrons through
0:35.8	Patreon find out more and add your support at patreon dot com slash Maco-S can.
0:45.0	If you're wondering what happened to Apple shares on Wednesday,
0:50.0	name it.
0:51.0	Shares in the Cupertino company, end of the day down 679, a decline of just over 3.5%, closing it
0:59.2	1.8291. But why? For a possible reason popped up all over the place. The one that has the least to do with Apple itself is tied to worries around inflation. The Wall Street Journal says stocks
1:15.3	slumped on Wednesday after investors received a fresh sign that the U.S. economy could be
1:20.8	revving up fanning inflation fears. While Tech took the hardest hit,
1:26.6	the journal says losses were broad-based with everything from shares of real estate companies
1:31.5	to manufacturers and banks falling.
1:35.0	As for the reason specific to Cupertino's own, opinions are like Apple products.
1:42.0	Everybody's got one. Well at least one.
1:47.0	Apple 3.0 left off the inflation fears, listing three other contributing factors that turned up all over the place.
1:55.0	The ban on the use of Apple products by officials in the Chinese government,
2:00.0	Apple officially being deemed the Gatekeeper under the EU's Digital Markets Act,
2:05.0	and a late-in-the-game prediction from Trend Force that sales of iPhone 15 Pro
	...

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