10 sources·Business

Apple Forecasts Growth Amid Declining iPhone Sales and Increasing Competition

Apple reports a drop in iPhone sales but forecasts strong growth ahead, buoyed by new AI features and resilience amid competition in China.

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  1. Jim Cramer breaks down Big Tech earnings and his latest thoughts on Nvidia

    The resurgence of tech stocks, propelled by strong earnings from giants like Meta and Apple, signals a brighter outlook in a week plagued by concerns over AI impacts and market sell-offs.

    Jim Cramer breaks down Big Tech earnings and his latest thoughts on Nvidia

    CNBCCNBC·2M
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  2. Apple dodged a DeepSeek sell-off, but its China headache hasn't gone away

    Apple's persistent struggles in China amidst fierce competition and declining sales signal a troubling trend for the tech giant in its most critical market.

    Apple dodged a DeepSeek sell-off, but its China headache hasn't gone away

    Business InsiderBusiness Insider·2M
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    Center
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  3. Dow, S&P rise after Apple forecasts strong sales

    Despite a turbulent week marked by fears of new tariffs and the fluctuating fortunes of tech stocks, the market's resilience, buoyed by strong earnings reports from major companies, reflects a sense of cautious optimism for investors.

    Dow, S&P rise after Apple forecasts strong sales

    USA TODAYUSA TODAY·2M
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  4. Apple CEO Tim Cook promises iPhone sales will rebound after AI features were slow to roll out

    Apple's cautious approach to rolling out its artificial intelligence features may have provoked some scrutiny, but it is ultimately the robust growth in its services and ecosystem that is revitalizing the company amidst ongoing challenges in iPhone sales, particularly within the competitive Chinese market.

    Apple CEO Tim Cook promises iPhone sales will rebound after AI features were slow to roll out

    New York PostNew York Post·2M
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  5. iPhone 16 sales surge in markets with Apple Intelligence

    Apple continues to demonstrate resilience in a challenging market, buoyed by the success of the iPhone 16 and its innovative features, signaling a promising future despite some regional weaknesses.

    iPhone 16 sales surge in markets with Apple Intelligence

    AxiosAxios·2M
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  6. Apple iPhone sales dip despite AI rollout

    Despite the introduction of new AI features, Apple's iPhone sales reflect a broader trend of stagnation in the market, highlighting the challenge the tech giant faces in adapting to changing consumer behaviors and the competitive landscape.

    Apple iPhone sales dip despite AI rollout

    BBC NewsBBC News·2M
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  1. CNBC
  2. Business Insider
  3. USA TODAY
  4. New York Post
  5. Axios
  6. BBC News
Updated: Jan 31st, 2025, 4:02 PM ET

Summary

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Apple has experienced a slight decline in iPhone sales, attributed to slower adoption of AI features and heightened competition in China, where sales fell by 11%. Despite these challenges, the tech giant reported better-than-expected earnings and forecasts a strong sales rebound for the current quarter, driven by the introduction of AI-powered features. After the release of encouraging results, Apple shares rose 4.2%. CEO Tim Cook is optimistic about growth as Apple's AI expansion progresses, particularly in China. Yet, analysts remain cautious due to competition from domestic brands like Huawei, which recently outperformed Apple in smartphone sales.

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History

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