Apple (AAPL) Faces Decline Amid Increased Competition in China

Jan 02, 2025

Apple's (AAPL, Financial) stock fell by up to 2.5%, marking its largest intraday drop since November 1 of the previous year. Reports indicate that Apple is discounting iPhones in China due to rising competition. Analyst Anurag Rana highlighted that this price reduction is unsurprising, as iPhone sales may not see significant growth in the fiscal year 2025. Rana mentioned that Apple's market conditions in China are challenged by slowing consumer spending and intensified competition. This marks the fourth consecutive trading day of decline for Apple's stock, the longest streak since November 4.

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