Overview

• Apple analyst Ming-Chi Kuo predicts a 15% drop in iPhone sales overall for 2024, including the upcoming iPhone 16 series.
• Kuo attributes the expected decline in sales to the rise of foldable phones and generative AI features, particularly in the Chinese market.
• Apple's weekly shipments in China have reportedly declined by 30% to 40% in recent weeks compared to the first weeks of January 2023.
• Kuo suggests that Apple will not launch new iPhone models with significant design changes and more comprehensive GenAI ecosystem/applications until 2025 at the earliest.
• Despite these predictions, there is no confirmation that the predicted 15% decrease will happen, and Apple is expected to still sell a significant number of iPhones in 2024.