UBS predicts weak iPhone sales in December due to slowing China demand, impacting revenue.

From Investing.com: 2025-01-01 20:00:47

Apple Inc is expected to see weaker iPhone sales in December, with concerns over slowing demand and market share in China. UBS analysts cut iPhone unit/revenue estimates to 74 million units and $67.2 million revenue. iPhone sell-through declined 8% in November, with global market share at 20.1%.

UBS also lowered earnings per share estimate for December quarter to $2.25. Apple is facing stiff competition from local players in China like Huawei and Xiaomi. Despite AI features in iPhone 16 models, sales have not been stimulated, with regulatory hurdles in China hindering AI rollout.

Apple’s services revenue remains strong, driven by AppStore sales and software demand. However, overall earnings are expected to decline due to lower iPhone sales. October and November typically see peak iPhone sales, with a decline in November signaling challenges for the tech giant.



Read more at Investing.com: UBS sees sluggish iPhone sales in Dec as China demand worsens By Investing.com