https://wccftech.com/apple-iphone-11-net-sales-china-drop/

Cupertino tech giant Apple (NASDAQ:AAPL) is hoping to utilize iPhone 11 sales and Services revenue to reverse a revenue drop that it experienced in its latest fiscal year. Apple's net sales dropped by $6 billion in its previous fiscal years, as growth slows around the iPhone lineup following the smartphone, as a product, reaching maturity. Apple's stock has nevertheless rallied this year, as it continues to gain momentum over the past eleven months. The growth is fuelled by share buybacks and optimism around both Services and Wearables.

However, amidst rising price targets and optimism, it's still clear that Apple has still missed the early 5G wave in China. The country's three primary carriers introduced national 5G coverage last month, and so far, it's estimated that 5.78 million 5G smartphones have been sold in the country in the past four months. Now, a report from analyst Mathew Cabral of Credit Suisse is eager to burst the bubble of optimism that has built itself around Apple's fortunes.