Analysts from investment firm JP Morgan reports believe that the decline in Apple’s iPhone sales in China is accelerating, but Services could change that.
Apple’s iPhone 15
Apple’s iPhone 15
Using Counterpoint Research’s data about the first six weeks of 2024, JP Morgan has told investors that decreasing iPhone sales in China are greater than for rivals. In the note, seen by AppleInsider, JP Morgan calls the pace of decline moderate, but also a reversal of fortunes for the company.
Prior to the latest figures showing the first six weeks of 2024, it appeared that the Chinese market’s slow decline had been arrested. The latest figures suggest that it hasn’t, but JP Morgan thinks that over the longer term, the market will recover.
JP Morgan: Apple’s China problems are increasing, but recovery expected
JP Morgan: Apple’s China problems are increasing, but recovery expected