Apple iPhone Shipments in China Plunge 19.2% in May; Intel May Produce Apple Chips by Late 2027
AAPL sits 46% above its 52-week low of $199.261.
Summary
Apple's iPhone shipments in China fell by a significant 19.2% year-over-year in May, totaling 3.669 million units for foreign-branded mobile phones. This sharp decline in a critical market follows recent reports of robust overall iPhone sales and record Q2 results, indicating a potential slowdown in a key region. Separately, Intel is reportedly on track to volume-produce Apple-designed chips by late 2027, with broader deployment expected in 2028-2029. The immediate negative sales data from China is a material concern for Apple's near-term revenue outlook. The potential Intel partnership, while long-term and uncertain, could offer strategic supply chain diversification.
At the time of this announcement, AAPL was trading at $290.81 on NASDAQ in the Technology sector, with a market capitalization of approximately $4.3T. The 52-week trading range was $199.26 to $317.40. This news item was assessed with negative market sentiment and an importance score of 9 out of 10. Source: Wiseek News.