iPhone 15

Apple’s New Year hangover

We’re kicking off the New Year right where we left it - with the biggest stock stories you need to know about.

This week, Apple’s iPhone 15 sales stutter, Tesla settles for silver, and Meta has a big sell-off.

💡 If you want these updates delivered to your inbox every Friday, sign up here

Green ornament

Apple falls 3% as iPhone 15 sales lag📱

  • Barclays’ bearish view: Barclays downgraded Apple and trimmed its price target, saying weakening iPhone 15 sales were a warning sign for iPhone 16 sales for this year.

  • China’s ban: It’s been reported the Chinese government is banning state employees from using iPhones. Instead, the country wants to push smartphones made locally, such as Huawei and Xiaomi.

Stock analyst rating stating strong buy

*Ratings are provided by analysts at Zacks, a leading investment research firm

Tesla slips 3% as it loses delivery top spot to BYD 🏎️

Finishing 2nd: Tesla delivered 485,000 global EVs in Q4 of 2023. But China’s BYD took home gold as it recorded an impressive 536,000 deliveries, 10.5% more. 

  • Life in the fast lane: So, how’s BYD done it? Popularity has soared in China, thanks to its low prices. A BYD Seagull model costs around $11K, whilst Tesla’s most affordable Model 3 starts at close to $40K.

  • Best in the West: Still, Tesla hit its own targets, plus Wall Street’s expectations. Fellow US rival Rivian woke up with a much worse New Year’s hangover, amid disappointing deliveries.

Stock analyst rating saying hold

*Ratings are provided by analysts at Zacks, a leading investment research firm

Meta dips 4% following stock sell-off 💰

A quick buck for Zuck: In the final two months of 2023, Zuckerberg sold $428 million worth of Meta shares

  • Best of the rest: Meta was the S&P 500’s 2nd best performing stock in 2023, rising 194%. In November 2022, share price was almost three times lower, so it seems Zuck wanted to cash in.  

  • Silent treatment: Meta hasn’t commented on the reason for the sell-off, but it’s left investors speculating whether Zuckerberg believes the stock has reached its high point.

Stock analyst rating stating strong buy

*Ratings are provided by analysts at Zacks, a leading investment research firm

What have we learned this week? 🤓

  • China’s phone ban could reach private companies: Some believe private businesses in China will also ban employees from using iPhones. 

  • Tesla’s no longer top dog: Thanks to its gigafactories, Tesla has been no.1 when it comes to global deliveries. But for now, BYD has overtaken Elon’s empire. 

  • Investors don’t like stock sell-offs: It raises questions about a company’s belief in its own stock, which can harm investor confidence.

Stock announcements 👀

Thanks for tucking in! Want to receive these updates every Friday? Sign up here or share via WhatsApp with your friends.

*Figures and ratings correct as of January 4th 2024.

Past performance does not guarantee future results. Capital at risk when investing. This content is for educational purposes only. Shares does not provide investment advice. If you are unsure about anything, please seek advice from an authorised financial advisor.

Meet the authors

James Ashoo photo

James Ashoo

Senior Content Writer

James has been investing for over five years. His aim is to explain the hard stuff, easily! When he's not chewing your ear off about stocks and crypto, he'll most likely be telling bad jokes.

Harjas Singh

Harjas Singh

Chief Product Officer & Co-Founder

With a wealth of experience in fintech, Harjas is the man in the know when it comes to all things product. Investing features, chatting capabilities and thriving communities – he oversees all development on the Shares app!

Harry Harrison

Harry Harrison

Finance Writer

Harry is an experienced business writer, with a love for all things tech. In his free time, he enjoys reading, playing sport and winning at chess. He also loves posting inside the Shares app!