Despite recent challenges, Apple is actively pushing for the company’s expansion in China. CEO Tim Cook is currently in China as the company gears up to open its new outlet in Shanghai tomorrow.
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This will be Apple’s eighth outlet in Shanghai. The company is aiming for a broader footprint in the country over the coming years. According to Reuters, Cook also met with officials from the company’s suppliers such as BYD Electronics and Lens Technology. Further details about Cook’s China visit, however, remained undisclosed.
Recent Challenges
In recent times, challenges have emerged for Apple as the company faces a decline in its iPhone sales in China. Additionally, the growing trade rift between the U.S. and China could weigh on Apple’s performance in the country. Last week, the company agreed to a $490 million settlement in a class-action lawsuit involving Apple’s concealment of a drop in iPhone demand in China.
In another development, the launch of Apple’s foldable iPhone may be delayed to the first quarter of 2027. Previous reports had indicated that the company’s first foldable phone could hit the market as soon as late 2026.
Is Apple Stock Expected to Rise?
Apple’s share price has plunged by nearly 8.4% so far this year. Overall, analysts have a Moderate Buy consensus rating on the stock alongside an average AAPL price target of $204.86. This implies a 16.3% potential upside in Apple shares.
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