Guo Mingyi: Huawei's return leads to weak demand for Apple's iPhone and structural changes in China's mobile phone market.

Thank CTOnews.com netizens soft media Xinyou 1933769 for the clue delivery! CTOnews.com November 4 news, Tianfeng Securities analyst Guo Mingyi recently tweeted on the X (Twitter) platform that Apple iPhone shipments in the Chinese market dropped more than he expected.

Guo Mingyi said shipments of the iPhone 14 Pro and iPhone 14 Pro Max models fell by 12 million in November 2022 due to supply problems at Foxconn.

While Apple expects revenue in the fourth quarter of 2023 to be the same as in the fourth quarter of last year, CTOnews.com quoted Guo as saying that Apple's shipments in the fourth quarter of this year were weaker than expected, and the main reason was the decline in demand for iPhone in the Chinese market.

Guo Mingyi believes that the decline in Apple iPhone shipments in China will continue until 2024, indicating that the Chinese mobile phone market has ushered in a structural change due to the return of Huawei.