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Bloomberg Intelligence
Target Profit Rises
Mar 5, 2024
Target's profit rise, ISM Services data impact, global shipping on economy, market outlook by Brent Schutte, Apple's iPhone sales drop in China, and competitive landscape analysis.
40:05
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Quick takeaways
- Apple's iPhone sales in China dropped 24% due to tough competition and weakening consumer demand.
- Expanding into emerging markets like India could be crucial for Apple's long-term success amid market challenges.
Deep dives
Challenges Faced by Apple in the Chinese Market
Apple is experiencing a significant decline in iPhone sales in China primarily due to tough competition and consumer weakness. The market share loss to competitors, coupled with weakening consumer demand in China, is impacting Apple's sales negatively.
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