0307 GMT - Apple's iPhone shipments to China will likely remain weak in 2025, analysts at DBS Group Research write in a note. Apple will likely keep facing headwinds in China amid soft consumer sentiment and fierce competition, DBS says. Apple's delay in rolling out AI features in iPhones is keeping users from replacing their handsets, DBS says. A major replacement cycle will only happen if the fully fledged Apple Intelligence AI features are launched, and if the next iPhone model comes with significant specification upgrades, DBS adds. DBS expects iPhone sales in China to remain weak until 1Q of FY 2026 ending September. DBS downgrades Apple to fully valued with a reduced target price of $210 from $243, reflecting reduced expectations for iPhone shipment growth this year. (kimberley.kao@wsj.com)
(END) Dow Jones Newswires
January 21, 2025 22:07 ET (03:07 GMT)
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