A closer look: Apple’s troubles in China grow as WeChat undermines iPhone’s appeal<div class="feat-image">
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<p>Apple’s share price has
taken a steep tumble since rumors began to spread that the iPhone XS and XS Max weren’t selling well. Unlike past years, though, this time the rumors were right: the iPhone giant
confirmed yesterday that it expects lower-than-expected sales for its newest line of iPhones. Markets that were already jittery over trade wars and a government shutdown heavily sold off on the news, pushing Apple’s share price down to $144 from a high of
$233 in October.</p>
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A closer look: Apple’s troubles in China grow as WeChat undermines iPhone’s appeal