Rising interest rates, inflation, and currency fluctuations have slammed tech stocks this year. And while Apple (AAPL) is certainly feeling the pain — shares are off 20% year to date — it’s fared better than its peers, which are down as much as 30%, and in Meta’s (META) case, 60%.
But according to BofA Global Research’s Wamsi Mohan, things could get uglier for Apple in the coming months as consumers pull back on spending on pricey gadgets.
“The argument is being made that the…
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