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Apple Analyst Sees ‘Sustained Softness’ in China iPhone Sales

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Apple Avoids Tariffs on Most Popular Products After U.S., China Reach Deal
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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.