Analyst says lack of a rebound in iPhone sales creates risk and shifts more focus to Apple’s March 25 event
Apple Inc. continues to struggle with iPhone demand, particularly in China, with trends going “from bad to worse,” according to Longbow Research.
Longbow’s comments were echoed by UBS, which wrote that an analysis of government smartphone sell-through data from China suggested demand there was “still weak.” Much of Apple’s weakness over the past few months has been related to weakening demand prospects for the iPhone, particularly in China. In January, the company cut its revenue outlook for the first time in almost two decades due to this factor.
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