Apple is Real Money's Stock of the Day as global iPhone sales figures have investors wondering if the stock is rotten to the core. International Data Corporation figures show sales fell by an annual rate of 19.9% over the final quarter of 2018, clipping its market share to around 11.5% from 11.8% as Huawei's grip on the China market grows stronger.
Apple's revenue from China dropped from around 18% of total revenues to around 11.4% over the course of 2018 as the trade war intensified, according to Statista. That is a far cry from the first quarter of 2015, when the market surpassed Europe as a revenue driver for the company and was latched onto as a thesis for long term growth.
Cramer weighs in on the impact this could have on Apple.