Apple: Facing Serious Competition In China (NASDAQ:AAPL)
1. Apple's iPhone sales declined 18.2% in China, dropping its market position. 2. Chinese competitors offer similar products at lower prices, eroding Apple's market share. 3. The Services segment is now Apple's only growth area amidst overall declines. 4. Apple faces a lawsuit from the DoJ, impacting its valuation and investor sentiment. 5. With high market capitalization, Apple has low free cash flow yield of 3.1%.