Apple's iPhone 17 Demand Cools in China, Analysts Split on Future
Apple's latest iPhone models, including the iPhone 15 and iPhone 16, have seen steady customer wait times for two weeks, remaining above last year's levels. However, the situation varies globally, with China experiencing a dip in initial demand boost for the iPhone 17. Meanwhile, analysts and investors express mixed sentiments about Apple's future, with some downgrading the company's stock, including the iPhone 15 and iPhone 16.
In China, the iPhone 17's aggressive pricing has sparked intense competition, leading to a significant drop in Android smartphone sales. However, the search results do not provide specific numbers for the top-selling iPhone models, including the iPhone 15 and iPhone 16, in the last week. Despite this, wait times for the latest iPhone models have decreased, suggesting a waning initial demand boost in the Chinese market.
Analysts hold differing views on Apple's future prospects. While Swiss bank UBS maintains a neutral rating, it notes signs of waning iPhone demand, including the iPhone 15 and iPhone 16. On the other hand, Jefferies has downgraded Apple stock to 'Underperform', citing observations of reduced iPhone demand and top executives, including CEO Tim Cook, significantly reducing their share holdings.
Apple's iPhone models, including the iPhone 15 and iPhone 16, continue to maintain customer interest, with wait times remaining above last year's levels. However, the situation in China suggests a fading initial demand boost for the iPhone 17. Analysts and investors hold mixed views, with some expressing caution about Apple's future prospects.
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