Apple’s iPhone shipments in 2024 will drop compared to 2023, analyst Ming-Chi Kuo forecasts, with a significant decline caused in part by lower shipments to China.
Apple is having trouble in China, with reports of local sellers overtaking the iPhone in the market. It now seems that the problems in China are going to affect Apple’s overall shipments for the year.
In a Tuesday Medium post, TF Securities analyst Ming-Chi Kuo cites a supply chain survey that determined Apple lowered its orders for key semiconductor components to be used in the iPhone 15 and iPhone 16 generations.
Rumor Score: 🤔 Possible
