First and foremost is the increasing economic pressure in China that unfolded in August.
Fears on the health of over-leveraged property developers, a slow-to-act Chinese government on the yawning crisis, and a sagging stock market have clouded the outlook for Apple product demand.
Wall Street analysts currently expect sales in Greater China to increase nearly 16% in Apple’s new fiscal year on the back of brisk demand for the iPhone 15.
But CEO Tim Cook appeared to tamp down expectations on China by signing off on a cautious September quarter financial outlook when it reported results earlier this month.
