Apple's stock valuation at $3.58 trillion may not reflect its challenges, particularly in the Chinese market, where it faces intense competition and declining market share.
In December 2024, overall smartphone shipments in China showed no growth, while iPhone shipments dropped by 10-12% YoY, indicating a continued decline in Apple's market position.
Apple's CEO Tim Cook highlighted the importance of China in 2022, describing it as "critical" to their future, which underscores the stakes involved in their performance there.
Despite a 6% growth in overall global revenue, Apple saw its "Greater China" revenue remain flat at $15 billion, pointing to significant issues in that region.
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