Apple stock has worst day since August 2024

Following reports of weak iPhone sales in China, Apple’s stock closed down 4% on Thursday, marking its steepest single-day decline since August 5th. The stock price has fallen nearly 12% from its December peak, making it the worst-performing of the seven largest technology stocks in 2025 so far.  
Kif Leswing for CNBC:
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Apple stock closed down 4% on Thursday, its worst day since Aug. 5, following several reports of lackluster iPhone sales in China.
The iPhone maker’s stock price is down nearly 12% from its most recent peak in December, and it’s the worst-performing of the seven largest technology stocks so far in 2025.
The slide comes after a report Thursday from Canalys, a market research firm, which suggested that Apple had fallen to third place in terms of smartphones sold in China in 2024, behind homegrown manufacturers Vivo and Huawei.
Apple shipped 15% of the 284 million phones sold in China last year, according to the report, but that was down 17% on an annual basis. Vivo and Huawei, meanwhile, saw strong growth.

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MacDailyNews Take: As we wrote on January 3rd, the late-December-early January pump and dump ahead of earnings is in full operation.