iPhone 15 Sales Down & U.S. To Tighten China Semiconductor Restrictions

Apple iPhone 15 sales in China are off to a weak start, according to Counterpoint Research. Counterpoint Research estimates that Apple (AAPL) sales are down 4.5% compared to the iPhone 14 over the first 17 days after its release. A Jefferies Analyst notes that iPhone 15 sales are down by a double-digit percentage after Huawei outsold Apple overall. Renita Young discusses this along with the most recent news in semiconductors. She talks about how the U.S. is to tighten China semiconductor restrictions. The U.S. is to impose additional checks on Chinese firms trying to evade export restrictions. Tune in to find out more about the stock market today.