Apple iPhone shipments may see 'significant decline' in 2024, analyst says
Publishing timestamp: 2024-01-30 12:20:58
Summary
According to analyst Ming-Chi Kuo, Apple may experience a drop in iPhone shipments this year due to the growing popularity of foldable phones and Huawei's resurgence in the Chinese market. Kuo predicts a 15% year-over-year drop in iPhone shipments and suggests that Apple may have the most significant decline among major global mobile phone brands in 2024. The article also mentions that Samsung has seen higher-than-expected demand for its new Galaxy S24 series, while Apple has lowered its shipment forecast for the iPhone 15. Apple's quarterly results are scheduled to be reported soon, with analysts expecting minimal revenue growth. As a result, Apple's shares fell 1.7% on Tuesday.
Sentiment: NEGATIVE
Keywords: apple inc, breaking news: technology, business news, samsung electronics co ltd, technology,
Source: https://www.cnbc.com/2024/01/30/top-apple-analyst-iphone-shipments-fall-2024.html