Apple Analyst Sees ‘Sustained Softness’ in China iPhone Sales
This article is for subscribers only.
Apple Inc. has recently seen weak iPhone sales in China, according to Credit Suisse, adding to recent caution about the region.
Shipments of the iPhone fell 35.4% on a year-over-year basis in November, “significantly lagging the 0.2% y/y increase in the broader Chinese smartphone market,” analyst Matthew Cabral wrote to clients, citing MIIT data. Cabral has a neutral rating and $221 price target on the stock.