Apple could get a big jolt, iPhone sales set to decline

There may be a big drop in the sales of American devices maker Apple’s iPhone. The company will announce its quarterly results on Thursday. Apple’s revenue is expected to fall sharply. The company’s stock has fallen a lot in the last few months. The major reasons behind this are the fall in demand for iPhone in a big market like China and tough competition from Huawei.

this years Apple The stock of Apple has fallen by more than 10 percent. The delay in launching the company’s Artificial Intelligence (AI) services has also affected its stock. Analysts estimate that iPhone sales may decline by more than 10 percent in the first quarter of the current year. Apple’s total revenue is expected to decline by more than five percent. Earlier this year, Apple lost its position as the world’s most valuable company. The market capitalization of Microsoft, one of the big software companies, had exceeded this.

Apple is in talks with companies like Google and OpenAI to add AI features to the iPhone. The company has also been hit by a lack of demand for the mixed reality headset Vision Pro. Vision Pro was launched in February this year. It is available only in the US. The company plans to introduce it in other international markets soon. Recently, Apple CEO, Tim Cook had said that Vision Pro will be made available in China this year.

Bloomberg analyst Mark Gurman has said in the Power On newsletter that there is no information about bringing the next version of Vision Pro in Apple’s plans for the next two years. Recently, analyst Ming Chi Kuo, who tracks Apple, had also said that the manufacturing of Vision Pro 2 will not start before 2027. There are reports that the company has also reduced orders for Vision Pro. Apple expects to sell fewer units of Vision Pro because its demand has decreased. The company had predicted that up to 8 lakh units could be sold. This estimate has come down to 4,00,000 to 4,50,000 units.