Concerns over Apple’s challenges regrading iPhone sales in China persisted on Thursday as the AAPL’s difficult beginning to 2025 intensified. The company has experienced a decline in market share for its flagship product in China, and it also relinquished its title as the world’s most valuable company to Nvidia, the chip maker. However, Wedbush analyst Daniel Ives maintains an optimistic outlook on Apple, arguing that growth in the U.S. and other global markets compensates for iPhone concerns in China.
As we wrote on January 3rd, the late-December-early January pump and dump ahead of earnings is in full operation. China and iPhone “concerns” have long been a favorite theme for those looking to knock down AAPL. For example, here’s how late 2024/early 2025’s “knock it down, accumulate, profit” story unfolded: • Apple’s iPhone, other foreign smartphone sales in China drop 44.25% YoY in October – November 27, 2024 Apple reports first fiscal quarter (Q125) results on January 30th right after the closing bell. As always, we’ll have Apple’s results for you as soon as they are released. Just visit our home page right around 1:30pm PT / 4:30pm ET on Thursday, January 30th. As we’ve long said, Wall Street is a game: play it well or don’t play it at all. – MacDailyNews, March 20, 2007 (on which day AAPL closed at the split-adjusted price of $2.79 per share) We are currently about 1/4th of the way to being sustainable with Substack subscriptions. Please tell your Apple-loving friends about MacDailyNews on Substack and, if you’re currently a free subscriber, please consider $5/mo. or $50/year to keep MacDailyNews going. Just hit the subscribe button. Thank you! You're currently a free subscriber to MacDailyNews. For the full experience, upgrade your subscription. |
Thursday, January 23, 2025
Apple’s China and iPhone ‘concerns’ are overdone – Wedbush
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