Upgrading $AAPL with China’s slump?

Sharing is Caring!

Seems fishy, right?

See also  "A Lot Of Distress": Germany's Solar Industry Crushed By Demand Slump, Bankruptcies And Layoffs

BEIJING, April 23 (Reuters) – Apple’s smartphone shipments in China tumbled 19% in the first quarter of the year, the worst performance since 2020, as the iPhone maker took a hit from Huawei’s (HWT.UL) new product launches in the premium segment, market data showed.
Apple’s share in the world’s biggest smartphone market fell to 15.7% in the first quarter from 19.7% a year earlier. That put it almost level with Huawei, which saw sales jump 70%, according to research firm Counterpoint.

https://www.reuters.com/technology/apples-q1-phone-sales-china-fall-191-huaweis-up-70-2024-04-23/
https://twitter.com/search?q=apple%20earning&src=typed_query

See also  China's 10-year yield drops to 1.64%, an all-time low. Japanification in full swing. Could fears of yuan devaluation trigger another global market selloff?

112 views