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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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Bias Distribution

  • 67% of the sources lean Left
67% Left
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Sources are mostly out of (0)