Bloomberg Reported Apple's IPhones Off To Disappointing Start in China, Study Shows; Sales Of Apple's Flagship Device Down 4.5% In Comparison
Portfolio Pulse from Charles Gross
A recent study shows that sales of Apple's iPhones in China have had a disappointing start, with sales down 4.5%. This comes as Huawei's market share in the region continues to rise.
October 16, 2023 | 10:37 am
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NEGATIVE IMPACT
Apple's disappointing iPhone sales in China could negatively impact its revenue and stock price.
Apple's revenue is significantly dependent on iPhone sales. A drop in sales in a major market like China could negatively impact the company's overall revenue and, consequently, its stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEGATIVE IMPACT
The disappointing start for Apple's iPhones in China could potentially impact the iShares China Large-Cap ETF (FXI), which includes technology stocks.
FXI includes large-cap Chinese technology stocks. As such, disappointing sales from a major tech company like Apple could potentially impact the performance of the ETF.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 60