Another drop of iPhone shipments in China

According to official reports, shipments of Apple's iPhones in China fell by about 33% in February compared to the previous year, continuing a downward trend in demand for their flagship product in this key overseas market. This is the second consecutive month of declines in shipments. In January, the company shipped some 5.5 million devices, down some 39% from a year earlier. These figures do not add optimism to investors, which contributes to pressure on the tech giant's shares. Since the beginning of the year, the value of the company's shares has already fallen by nearly 9%, and by more than 14.5% from its highest point. Today the stock is trading at an almost negligible intraday loss.

Supply volumes to China do not inspire optimism. Source: Bloomberg Financial LP

Source: xStation 5