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What's Going On With Apple Stock Today

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·1 min read
In this article:
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  • Apple Inc (NASDAQ: AAPL) is looking to ease hiring and spending growth in 2023 in some divisions to cope with a potential economic downturn, Bloomberg reports.

  • The decision originates from a move to be more careful during uncertain times.

  • Also Read: TSMC Overtakes Samsung In Chip Race By Capitalizing On Latter's Strengths: FT

  • The changes will not affect all teams as it was not a companywide policy.

  • Apple remained feisty on its product launch schedule in 2023, including a mixed-reality headset, its first significant new category since 2015.

  • Previously Microsoft Corp (NASDAQ: MSFT), Spotify Technology SA (NYSE: SPOT), Meta Platforms Inc (NASDAQ: META), Tesla Inc (NASDAQ: TSLA), and multiple U.S. banks adopted a defensive stance on hiring in response to the economic uncertainties.

  • Price Action: AAPL shares traded lower by 1.44% at $148.02 on the last check Monday.

  • Photo by Matias Cruz from Pixabay

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