Apple Forecasts Growth Amid Declining iPhone Sales and Increasing Competition

Apple has experienced a slight decline in iPhone sales, attributed to slower adoption of AI features and heightened competition in China, where sales fell by 11%. Despite these challenges, the tech giant reported better-than-expected earnings and forecasts a strong sales rebound for the current quarter, driven by the introduction of AI-powered features. After the release of encouraging results, Apple shares rose 4.2%. CEO Tim Cook is optimistic about growth as Apple's AI expansion progresses, particularly in China. Yet, analysts remain cautious due to competition from domestic brands like Huawei, which recently outperformed Apple in smartphone sales.