From Nasdaq:

Apple’s revenue grew thanks to iPhone sales, but China became a challenge, causing a 13% revenue drop and 17% lower operating income. Reasons include a property crisis and economic slowdown, nudging consumers towards cheaper options. Plus, Huawei’s return to the smartphone market in China has strengthened competition, but long-term prospects remain favorable. Apple now has the No. 1 smartphone market share in China. CEO Tim Cook is “very optimistic about China over the long term.” Despite short-term challenges, analysts expect double-digit annual growth for Apple. They consider this tech giant a top stock to own now. However, The Motley Fool Stock Advisor team just identified 10 stocks to buy, but Apple wasn’t one of them.



Read more: Should You Worry About Apple’s Slowdown in China?