Apple's Stock Performance and Market Share in China
Apple's stock rallied sharply on Friday, with the S&P 500 on pace for its best week since early November. The stock had dropped 4% the previous day due to a decrease in market share in China. According to research firm Canalys, Apple fell to third place in terms of market share in China as domestic manufacturers took advantage of Apple's lack of artificial-intelligence features available on phones purchased in the country. However, analysts are optimistic about Apple's upcoming earnings report, expecting strong performance in services and improved iPhone sales.
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- [Stock Prediction] How will Apple close Friday 31/01 following their earnings?
[Stock Prediction] How will Apple close Friday 31/01 following their earnings?
🔮 Click to vote! Guess how $Apple(AAPL)$ will close on Friday, January 31, following its earnings report. If you get the correct answer, you may share 1,000 Tiger Coins with other Tigers!Apple is set to report FY25 first-quarter earnings results after market close on Thursday, January 30, 2025.Market performance: In the fiscal quarter where December 2024 is located, iPhone sales in China plummeted by 18.2%, causing global iPhone sales to decline by 5% during the key shopping season. The new iPhone's AI upgrade functions are restricted in China, affecting its market performance and highlighting Apple's transformation in growth model and relying on traditional products to maintain expansion.
