iPhone sales slump: Dark days ahead for Apple?

Apple Inc (NASDAQ:AAPL, ETR:APC) has received more daunting news for its iPhone sales, with Jefferies analysts noting a 30% year-on-year decline in Chinese sales in the first week of 2024. Jefferies also noted that full-year sales in China fell by a total of 3% in 2023, according to the bank’s internal data. China is Apple’s third-largest market, and plummeting demand raises big questions for the world’s largest company’s earnings in the year ahead. Last week, Apple was slapped with ratings downgrades from ...