Apple: Challenges in China and low consumer interest in AI – Analysts downgrade stock

The Apple stock has come under pressure in the past week after the market research firm Canalys released figures for the smartphone market in mainland China. According to the report, Apple has dropped to third place with a market share of 15%, falling behind Vivo and Huawei. "Intense competition has led to an ever-changing landscape," commented Amber Liu, research director at Canalys. Over the past twelve months, the Apple stock has gained about 24%, but has significantly underperformed compared to shares of Meta and Alphabet. Jefferies analyst...