BEIJING,- Apple's, opens new tab weak China sales performance may have shocked investors, but customers and analysts have been noting the rising challenges the company faces in its third-largest market. Intensifying competition from domestic rivals, coupled with longer upgrade cycles as consumers spend more cautiously amid an economic slowdown, have stunted Apple's China growth, with…
Apple will likely continue to face pressure in China going forward. Jefferies analysts predict Apple s shipments in China will decline by a double digit percentage in 2024.
Apple s weak China
sales performance may have shocked investors, but customers and
analysts have been noting the rising challenges the company
faces in its third-largest market. .
Apple's weak China sales performance may have shocked investors, but customers and analysts have been noting the rising challenges the company faces in its third-largest market. Intensifying competition from domestic rivals, coupled with longer upgrade cycles as consumers spend more cautiously amid an economic slowdown, have stunted Apple's China growth, with sales there nosediving by 13% in the quarter ending in December to $20.8 billion and missing estimates of $23.5 billion.