JPMorgan Affirms Optimism for Apple Amidst China’s Market Decline, Dismisses Concerns of Local Competition

JPMorgan has reaffirmed its ‘Overweight’ rating on Apple $AAPL, despite the company experiencing a notable downturn in iPhone shipments during February. The figures reveal a decline of 33% year-over-year (YoY) and 56% month-over-month (MoM), resulting in just 2.4 million units sold. This decline is more significant than the typical seasonal decrease of 20% MoM and … Continue reading JPMorgan Affirms Optimism for Apple Amidst China’s Market Decline, Dismisses Concerns of Local Competition