Chinese iPhone sales have fallen 10% as Huawei emerges as a competitor. Apple is facing a China problem, with a tax audit into its biggest manufacturer, accusations of censorship, and reports that Huawei has overtaken market share. Apple's stock has dropped 14% since July and is increasingly precarious heading into earnings. There are growing signs that Apple is losing Chinese consumers to Huawei, with launch month sales of the iPhone 15 down on the prior year. Apple's close ties to China, once a key to its success, are becoming a liability. Sales of the latest iPhone fell 6% in China compared to last year. China's investigation into Apple supplier Foxconn may backfire and cause tech suppliers to diversify quicker. Apple's stock has dropped 11% since its Q3 results, erasing nearly $400B in value. Apple's holiday-quarter forecast faces a threat from Huawei and the weak China market.
$AAPL (-0.6% pre) Apple's holiday-quarter forecast faces threat from Huawei, weak China market - Reuters https://t.co/R75KobvbbV
Apple sales in China are falling as Huawei steps up competition https://t.co/WMUE8eCAvG
⚠️ APPLE'S HOLIDAY-QUARTER FORECAST FACES THREAT FROM HUAWEI, WEAK CHINA MARKET Full Story → https://t.co/xF1zfY5Apd
Apple's stock dropped 11% since its Q3 results on August 3, erasing nearly $400B in value, the first year since 2015 that AAPL slid between WWDC and Q4 earnings (@djtgallagher / Wall Street Journal) https://t.co/UyzQyR92gq https://t.co/fxEKAklvQb
Heard on the Street: What’s behind China’s investigation into top Apple supplier Foxconn? Read in Chinese: https://t.co/zwKoyYOV42 https://t.co/zwKoyYOV42
"For China, Bullying Apple Suppliers Could Backfire Badly" https://t.co/DPGysvWXct "with foreign investment into China in free fall in early 2023, the last thing China needs right now is to undermine confidence even further" https://t.co/VDD7qNclMg
"There is growing evidence that #Apple’s latest iPhone is falling shy of its predecessor in #China, suggesting a setback for the 🌍’s most valuable company in its most important overseas market" https://t.co/ctUe4Rdi0K
Sales of the latest iPhone fell 6% in China vs last year as Huawei regains share - just one in a spate of recent headlines showing that $AAPL's close ties to China, once its key to success, is increasingly becoming a liability. Our deep dive into Apple's China problem. https://t.co/a5Ko8KLdnU
China's Foxconn investigation may backfire and cause tech suppliers, who now see that even Apple and its suppliers are not safe in China, to diversify quicker (Wall Street Journal) https://t.co/niIWE346Tr 📫 Subscribe: https://t.co/OyWeKSRpIM https://t.co/jB6jZaP8e4
$AAPL | Apple Stock Might Not Be Ripe For Plucking As Analyst Predicts Revenue Drop To Continue Into Holiday Quarter
There are growing signs that Apple is losing Chinese consumers to Huawei, with launch month sales of the iPhone 15 down on the prior year https://t.co/DL7xJLdrZp
There are growing signs that Apple is losing Chinese consumers to Huawei, with launch month sales of the iPhone 15 down on the prior year https://t.co/mGzhEQnGza
There are growing signs that Apple is losing Chinese consumers to Huawei, with launch month sales of the iPhone 15 down on the prior year https://t.co/cXJvB6wG6q
$AAPL has shed 14% of its value since July, when the mega cap-driven market rally peaked! The stock looks increasingly precarious heading into earnings. Will Tim Apple be able to save the world next week? https://t.co/q8Krre7eCv
Apple has a China problem. In recent weeks, a Chinese tax audit into its biggest manufacturer, accusations of censorship over Jon Stewart's canceled show, and reports that Huawei has overtaken market share in China. What was once a key $AAPL's success has become a liability. https://t.co/AS9nSjKlw4
Chinese iPhone sales fell 10%, as Huawei re-emerges as competitor https://t.co/jYO0Vwyz2T by @benlovejoy