Apple’s stock is down 15% this year on U.S. demands it manufacture iPhones in America, and it faces competition from Huawei, which has become China’s best-selling brand.Apple’s iPhone sales rose in China for the first time in two years as it battled a resurgent Huawei for market share in the world’s second-largest economy. Driven by demand for the iPhone 16 and timely discounts, Apple’s sales grew 8% year-over-year in the second quarter.The smartphone sales are likely to be slightly up in Q2 2024, with Huawei and Apple both leading the growth! Huawei is expected to record the highest growth among major brands to reach the number one spot in China for the quarter while Apple is projected to see high single-digit growth on strong sales of the iPhone 16 Pro and Pro Max models. Positives of Apple’s Greater China Revenues. Do you think that China-US relations are expected to start to normalize and so the growth in iPhone sales ?
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