Apple's China Sales Fall Apart
- Apple's China sales are declining as Wall Street's confidence wanes ahead of its earnings report on January 30.
- Jefferies analysts downgraded Apple to 'underperform' and estimated a 4% drop in iPhone shipments in the first quarter.
- Local smartphone makers, including Xiaomi, are gaining ground in China, affecting Apple's market position.
- Jefferies' analyst stated that AI would be unlikely to kickstart a super upgrade cycle anytime soon.
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Coverage Details
Total News Sources0
Leaning Left2Leaning Right0Center1Last UpdatedBias Distribution67% Left
Bias Distribution
- 67% of the sources lean Left
67% Left
L 67%
C 33%
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