$AAPL closed down 4% on Thursday, marking its worst day since August 5. The stock is now down 8.8% YTD.

According to a report, Apple sales in China are down 17% compared to the previous year. 

TSMC, a key Apple supplier, reported a nearly 6% drop in its smartphone sales forecast for the first quarter.

Craig Moffett of MoffettNathanson downgraded Apple to “sell,” citing concerns over its weakening position in China, limited consumer interest in AI features, and potential antitrust risks tied to its partnership with Google. Moffett set a price target of $188, suggesting further downside for the stock.

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