Apple Confronts Steep Decline in iPhone Sales in Chinese Market Amidst Fierce Competition
In the first week of January, Apple experienced a significant dip of over 30% in iPhone sales in China compared to the same period the previous year, according to analysts at Jefferies. In contrast, competitors like Xiaomi and Huawei maintained stable sales, with Jefferies predicting a double-digit decline in Apple's iPhone volume for the entire year in China. The analysts anticipate heightened revenue pressure for Apple in the Chinese market throughout 2024. This report comes on the heels of a...