Analyst Samik Chatterjee said a moderation in consumer spending would temper higher expectation from the recent iPhone SE launch, while a slowdown in gaming in China could weigh on Apple's services. Apple is already planning to lower iPhone and AirPod production due to a demand slowdown, the Nikkei newspaper reported on Monday. Qualcomm, meanwhile, will likely bear the brunt of weakness in the smartphone market for low- to mid-end Android handsets, Chatterjee said.
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