Apple shares fell to their lowest level since June 2021 ahead of Tuesday’s close. This comes amid a global decline in electronics sales and investors’ concerns over whether Apple will be able to secure a full iPhone supply during the holiday season, which is usually characterized by peak sales. Note that shares of other major tech vendors also continue to decline.

Apple shares fell 1.4% for the third straight trading session on Tuesday. And since the start of the year, the price of the company’s stock has dropped 22%, which isn’t the worst indicator in the industry as the American stock index NASDAQ-100 has dropped 34% over that time. Investor fears over the supply of Apple’s smartphones arose due to the shutdown of production at the largest iPhone assembly plant in China, which led to a reduction in shipments of older models (iPhone 14 Pro and Pro Max).

Earlier on Tuesday, JPMorgan analysts reported that the iPhone smartphone supply “developing and gradually approaching parity with demand”While it is noted that Apple is usually in this period “Much more progress is being made in achieving parity between iPhone supply and demand.” In this context, JPMorgan reports Apple’s fourth-quarter financial results. “silence” compared to the consensus estimate.

Additionally, JPMorgan analyst Samik Chatterjee reports on the latest data on smartphone shipments from China. “Verify the existence of problems in the industry.”