$Apple (AAPL.US)$ On the eve of Apple's press conference, Wa...

Dan Niles, founder of the U.S. hedge fund Satori Fund, publicly bet against Apple. He said that he would short Apple stock before and after Apple’s iPhone 15 autumn new product launch.

Why are you bearish on Apple? Niles said that this is partly due to Huawei’s breakthrough in the new smartphone Mate 60 Pro, and Apple may face more severe competition; on the other hand, the resumption of student loan repayments will affect the spending power of some American users.

Niles also published an article on his website on August 20, saying that for long-term investors, Apple’s valuation is relatively high and its growth is slow; in the short term, Apple’s stock price returned an average of one month before its product was released. Rates exceed 3%, but typically fall on the day of product launch.

Recently, Apple's stock price has shown an overall downward trend, with a cumulative decline of 5.16% last week.