WS #15743
LVMH's CFO highlighted a sharp macro-led deterioration in Chinese consumer sentiment, contradicting earlier bullish card data and signaling a deeper slowdown in the world's largest luxury market. Concurrently, Apple has reportedly cut component orders for the iPhone 18 Pro by 20%, and the iPhone 18 Pro Max is already seeing historic price drops on Amazon. These signals point to weakening global consumer demand and potential inventory gluts in the tech hardware sector.
Luxury & Consumer Weakness
LVMH's CFO highlighted a sharp macro-led deterioration in Chinese consumer sentiment, contradicting earlier bullish card data and signaling a deeper slowdown in the world's largest luxury market. Concurrently, Apple has reportedly cut component orders for the iPhone 18 Pro by 20%, and the iPhone 18 Pro Max is already seeing historic price drops on Amazon. These signals point to weakening global consumer demand and potential inventory gluts in the tech hardware sector.