Apple's Downgrade and Tesla's Deliveries | Bloomberg Technology

03 Jan 2024 · over 2 years ago

Apple stock dropped after Barclays downgraded the company, citing concerns about slowing hardware sales and lack of technological upgrades in future iPhone models.
Tesla reported delivering 484,570 electric vehicles in Q4, surpassing its full-year target of 1.8 million. However, Tesla has been eclipsed by Chinese automaker BYD as the world's biggest seller of EVs.
The ban on Apple imports of its watches due to patent infringement is still pending, although Apple is working on remedying the issue with potential redesigns.
Bitcoin surpassed $35,000 for the first time in a couple of years amid anticipation of the approval of a spot Bitcoin ETF by the SEC. Approval of the ETF could drive institutional funding into Bitcoin.