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Apple saw sales in China of its iPhones fall 19.1% in the first three months of the year, according to data from Counterpoint Research.
It comes as Chinese tech giant Huawei saw a 69.7% surge in smartphone sales in the country over the same period, Counterpoint said.
Goldman removed Apple from its "Conviction List" and Evercore ISI dropped Apple from its "Tactical Outperform" list earlier this year
Only a few months after launch, we're already seeing Apple Vision Pro sales declining.
Apple has dropped the number of Vision Pro units that it plans to ship in 2024, going from an expected 700 to 800k units to just 400k to 450k units, according to Apple analyst Ming-Chi Kuo.
Bloomberg's Mark Gurman noted in an April 21 newsletter that customers are booking fewer Vision Pro demos at Apple stores, leaving many locations selling just a few headsets per week.
They report May 2 after hours
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