Possible scenario
Demand Slump Extends
40% Chance
The 22% shipment drop proves to be more than a one-quarter inventory event, with consumers continuing to delay upgrades across North America, Europe and China. High handset prices, weak carrier subsidies and limited must-have features keep replacement cycles stretched.
Secondary impacts
- Technology -3.2%
- Consumer Cyclicals -1.2%
- Telecommunications -0.4%
Tickers
- AAPL-3.5%
- QCOM-3.3%
Portfolio impact
S&P 500-1.6%
Each figure is the modeled move of the S&P 500 if the outcome occurs. For information only. Not investment advice.
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