Apple’s iPhone Sales Drop By 30% In China; iPhone SE 2 Estimates Show Modest Unit Production
https://wccftech.com/apple-phone-sales-drop-china/
Cupertino tech giant Apple Inc's stock has rallied on the market this year after it plateaued following the company's first earnings estimate revision in years. The stock hit a new low of $139.90 the day after Apple (NASDAQ:AAPL) announced the revision. Since then, the company has broken all of its previous stock price records on the market, and it has consistently traded at all-time highs in excess of $220; where the share price stood prior to the ill-fated revision.
Apple's CEO Mr. Tim Cook blamed sales in China for his company's problems at the time. Now, if early supply chain indicators from the country are correct, then the East Asian country is refusing to show love to the iPhone. Fresh estimates from Rosenblatt Securities suggest that Apple's iPhone sales went down by 30% year-over-year in China last month. Take a look below for more details.