US spending on Apple hardware drops 9% says KeyBanc spending data

Apple iPhone 16 Launches In Malaysia

Annice Lyn

U.S. consumer spending on Apple (NASDAQ:AAPL) hardware dropped 9% month over month in February, according to spending data by KayBanc Capital Markets.

It was also below the three-year-average, which is a 3% month-over-month decline.

“We find the data to be

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