• Dapps:16.23K
  • Blockchains:78
  • Active users:66.47M
  • 30d volume:$303.26B
  • 30d transactions:$879.24M

Apple's iPhone Sales Decline in China: Stock Drops Ahead of Q1 Report

user avatar

by Giorgi Kostiuk

a year ago


Apple is facing challenges in the Chinese market due to declining sales and competition. The company's stock has become more volatile following a downgrade by Jefferies analysts.

Apple's Challenges in China

Apple's performance in China has been notably affected by a sharp decline in iPhone sales, which fell by 18.2% during the December quarter. This downturn highlights the competitive pressure from Huawei and the success of its Mate 70 series. Additionally, challenges with AI feature accessibility in China pose further obstacles.

Apple Stock Volatility

Apple's stock has experienced fluctuations in recent trading sessions. Over the past 52 weeks, the stock has ranged from a low of $164.08 to a high of $260.1. Despite a market cap of $3.46 trillion, the company's high debt-to-equity ratio indicates ongoing financial challenges.

Analysts' Forecasts

Jefferies analysts downgraded Apple stock from hold to underperform, pointing to a potential 13% downside due to weak sales and slowed AI adoption. Nonetheless, the mean recommendation remains generally positive at 1.96, with a median target price of $250.0. However, the expected target price ranges from $184.0 to $325.0.

Apple faces significant challenges in China and the global market. Investors and analysts closely monitor further developments.

0

Rewards

chest
chest
chest
chest

More rewards

Discover enhanced rewards on our social media.

chest

Other news

Coca-Cola Stock Gets Bullish Ratings from Analysts

chest

Coca-Cola has received buy ratings from major analysts including Morgan Stanley and Citi, predicting a significant rise in the stock's value despite recent revenue misses.

user avatarRajesh Kumar

Regulatory Ambiguity Affects XRP Market Sentiment

chest

Discussions in Washington regarding crypto policy have left traders cautious due to regulatory ambiguity.

user avatarLucas Weissmann

American Bankers Association Highlights Insolvency Risks in Crypto Sector

chest

The American Bankers Association raises concerns about insolvency risks in the crypto sector, urging the Office of the Comptroller of the Currency to ensure adequate receivership capacities.

user avatarEmily Carter

American Bankers Association Urges Caution on Crypto Charter Approvals

chest

The American Bankers Association urges caution on crypto charter approvals, calling for a slowdown in the process until regulatory frameworks are established.

user avatarFilippo Romano

Accumulating Addresses Hold 27 Million ETH Amid Market Volatility

chest

A report reveals that accumulating addresses now hold approximately 27 million ETH, indicating strong long-term conviction despite market volatility.

user avatarTomas Novak

Intel Faces Mixed Analyst Ratings Amid Stock Volatility

chest

Intel faces mixed analyst ratings amid stock volatility, with Citic Securities upgrading to buy and JP Morgan issuing a sell rating.

user avatarMaya Lundqvist

Important disclaimer: The information presented on the Dapp.Expert portal is intended solely for informational purposes and does not constitute an investment recommendation or a guide to action in the field of cryptocurrencies. The Dapp.Expert team is not responsible for any potential losses or missed profits associated with the use of materials published on the site. Before making investment decisions in cryptocurrencies, we recommend consulting a qualified financial advisor.