Posted 3/7/2024, 10:11:57 AM
Apple Faces Slowing Sales and Increased Scrutiny While Pivoting Towards AI
- China sales slowing due to increased competition from Huawei; China was previously a major growth driver
- Facing growing regulatory scrutiny, including a $2 billion EU antitrust fine related to the App Store
- Shut down secret electric vehicle project, potentially missing out on a huge market
- Berkshire Hathaway, Apple's largest shareholder, sold 10M shares in Q4 2023
- AI seen as major potential catalyst; expectations that Apple will announce new AI products and features at 2024 WWDC event