Apple Faces Turbulence in China and With Key Initiatives As Momentum Slows
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iPhone sales dropped 24% in China in early 2023, causing Apple to lose its top smartphone spot there
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Apple shut down its self-driving car project, "Project Titan," to focus more on AI
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Apple's shares have fallen 12% this year amid concerns it is losing momentum
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The EU forced Apple to open up its App Store, which will likely reduce its app revenue
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Apple still has positives like its large install base and new products, but faces pressure to improve its AI efforts