This Apple Is Full of Worms

The downfall is coming... [Shah Gilani's Total Wealth] BROUGHT TO YOU BY MANWARD PRESS This Apple Is Full of Worms SPONSORED [Have you heard of the Flip Trade?]( [Flip Trade]( At this moment, the $21 trillion commercial real estate market is in free fall. Most people are ducking for cover and praying their REITs and bank stocks don't get crushed. But millionaire trader Shah Gilani considers this collapse a gift from heaven. In fact, Shah has a special technique that he calls the Flip Trade... and history shows it has been able to generate huge potential gains on falling assets... gains of as much as 1,100% in 29 days. [Go here now to get the full story...]( [Shah Gilani] Shah Gilani Chief Investment Strategist It's a tale of woe... and a warning. And in the end... you won't want to take a bite of this apple. At the end of June 2023, Apple (AAPL) made history as the first company ever to be valued at $3 trillion when its stock price closed above $193.42 for the first time. But in July, Apple reversed course. It started making lower highs and lower lows in a descending channel that took the stock down to an intraday low on October 26 at $170.65. Yet the stock, along with all equity benchmarks, caught fire and rocketed higher through year-end. To the outside world, Apple's early rise in 2023 was due in part to its status as a megacap tech darling and part of the "Magnificent Seven." Its fall from late summer through October 2023 looked like profit-taking on the Fed's insistent "higher for longer" narrative. And then the November-December rally that took Apple to yet another all-time (intraday) high of $199.62 was credited to a Fed reversal. The Fed's narrative went from "higher for longer" to "expect cuts in 2024." That's what investors saw on the outside. But on the inside, worms were starting to tarnish Apple's shine. SPONSORED [The #1 AI Stock NOBODY Has Ever Heard Of...]( [Alexander Green #1 AI Stock]( The Man Who Correctly Called 4 of the Top 6 Performing Stocks of This Century... Now Says [This Obscure AI Stock Will Be the Biggest Winner of the AI Revolution](. [The Reason Why Will Surprise You.]( A Sour Apple 2023 was awful for Apple. The company disappointed in its last four fiscal quarters. All of them. Revenues contracted in each of the last four quarters. And iPhone sales were underwhelming, missing in each quarter. The hoped-for "refresh" sales spike never happened, maybe because there's nothing really fresh about the iPhone 15. The company was hit with an embarrassing patent infringement suit over its alleged pilfering of the technology driving an oxygen sensor in its Apple Watch. And at the start of 2024, Apple got a downgrade from Barclays... Then another from Piper Sandler, which said that "growth rates have peaked for unit sales." Apple now has only 33 "Buy" or equivalent recommendations. Its Magnificent Seven cohorts have far more. Amazon has 68... Meta has 66... Nvidia has 59. None of the other Magnificent Seven stocks have been downgraded. Only Apple. And then there's China. SPONSORED [The Ultimate Passive Income Play]( [isometric happy businessman and money working]( The #1 income play for 2024 is NOT a stock, bond or private company... Rather, it's a [little-known alternative investment]( that could hand you big monthly income from oil and gas. [Find Out What It Is Right Here]( Bad News Any Way You Slice It The U.S. and China are in a digital cold war. Apple's already taking flak. The U.S. is restricting advanced AI-driving chip sales to China and is successfully pressuring allied governments around the world to do the same. Hard-line pressure - including diplomatic bashing of China's biggest Apple competitor, Huawei Technologies - has been going on for years. Last summer, while the U.S. trade representative was in China, Huawei introduced its latest smartphone and iPhone competitor, the Mate 60. The slap in the face to America wasn't that the phone was sleek. It's that it was fast. It's made with new chips - not from U.S.-based Nvidia, but from Chinese chipmaker SMIC. Here's one big reason Apple's iPhone sales are sliding. China is pressuring its consumers to buy Chinese-made phones. They're banning Apple phones from government agencies and state-owned and state-controlled companies. Huawei's smartphone market share in China was 11% in 2022. At the end of 2023, it was 24%. That growth came at Apple's expense... In 2022, Apple got about $74 billion, or 19%, of its total revenue from China. 2023 figures aren't out yet. But you can count on that number falling off a cliff. Apple's got worms eating it from the inside out. And its stock is going to lose its luster. Shares have minor support at $180, which is also the 200-day moving average. Below that, there's support around $166. And below that, there's support at $145. That's where the stock gathered itself back in March 2023. But the ugly possibility exists that Apple could fall as far as $120... its low level from January 3, 2023. What a difference a year makes. Apple's in trouble. You've been warned. Cheers, Shah Shah Gilani Shah Gilani is the Chief Investment Strategist of Manward Press. Shah is a sought-after market commentator... a former hedge fund manager... and a veteran of the Chicago Board Options Exchange. He ran the futures and options division at the largest retail bank in Britain... and called the implosion of U.S. financial markets (AND the mega bull run that followed). Now at the helm of Manward, Shah is focused tightly on one goal: to do his part to make subscribers wealthier, happier and freer. You are receiving this email because you subscribed to Shah Gilani's Total Wealth. To unsubscribe from Shah Gilani's Total Wealth, [click here](. 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