Apple reports slumping iPhone sales as global demand weakens
Apple's revenue dropped due to declining iPhone sales, but exceeded expectations. The company saw growth in services and announced a stock buyback. [ more ]
Apple's iPhone sales in China plummet nearly 20% in first quarter - worst since 2020
Apple iPhone sales in China dropped 19% in Q1, losing the top-selling phone spot to Vivo. Huawei's market share surged by 70%, impacting Apple's premium segment. [ more ]
Apple's dominance in China is declining as iPhone sales decrease while Huawei's sales increase.
Challenges faced by Apple include regulatory fines, a slow-growing VR headset market, and geopolitical tensions affecting its position in China. [ more ]