Apple has worst day since August following reports of China, AI struggles

1. Apple stock dropped 4% due to poor iPhone sales in China. 2. iPhone sales fell to third place in China, behind Vivo and Huawei. 3. Apple's shipments declined 17% annually, reflecting significant market challenges. 4. TSMC forecasts a 6% drop in smartphone sales, affecting Apple's supply. 5. Analyst predicts 6% decline in iPhone shipments in early 2025.