Apple is bucking the consumer electronics downtrend – analyst

Apple is seeing only limited effects from economic pressures that are hitting consumer electronics sales, says Jefferies analyst Kyle McNealy.Angela Palumbo for Barron’s:Inflation has remained high, and electronics companies are beginning to expect that consumer spending is going to start showing that everyday people are feeling the heat. Best Buy (ticker: BBY) reported earnings Thursday, and told investors that it expects demand for consumer electronics to be pressured this year.
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