Apple shares fell in the wake of a widespread sell-off in the technology sector. Analysts and investors are looking at early signals of demand for the latest iPhone, equipped with artificial intelligence features, which is expected to boost the company's revenue growth. Concerns over iPhone 16 sales and geopolitical uncertainties have influenced the market.

Barclays expressed doubts about the strength of demand, which was weaker than expected, while Citigroup lowered its iPhone sales forecast for this year, but raised it for next year, in anticipation of increased interest in AI features.

Tech, with its strong cash flows and sustainable growth, is often seen as a defensive investment in times of uncertainty, despite concerns over valuation

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