Behind in generative AI.
A recent Reuters report noted iPhone sales in China dropped 30% in the first week of the year amid pressure from rival Huawei.
Still, Barclays downgraded Apple stock earlier this month citing disappointing iPhone 15 sales in China and softening demand for the latest iPhone.
Apple also faces challenges around the upcoming rollout of the Vision Pro headset, which will be its riskiest product launch in years.
Tim Cook, chief executive officer of Apple Inc., speaks during a launch event for the new Apple iPhone 15 at Apple Park in Cupertino, California, on September 12, 2023.
Persons:
”, David McQueen, ALY, Dan Ives, Apple, Justin Sullivan, Jitesh, IDC –, that’s, It’s, Siri, McQueen, “, Ming Yeung, Tim Cook, Nic Coury, hasn’t, Brian Fung, Clare Duffy
Organizations:
CNN, Microsoft, Apple, ABI Research, Huawei, Reuters, Apple Watch, International Trade Commission, IDC, Meta, Google, Samsung, Mac, Barclays, Apple Inc, Getty, EU, Markets, Epic
Locations:
China, Shanghai, Cupertino , California, Milan, Italy, AFP