Cook points to 'fiscal stimulus' after Apple suffers steepest China sales decline in a year
1. Apple's China sales dropped 11.1%, marking six straight quarters of declines. 2. Competition from local brands like Huawei and Xiaomi intensifies in China. 3. Apple's AI features boosted iPhone sales elsewhere, but rollout in China is pending. 4. Channel inventory adjustments contributed significantly to revenue drops. 5. A Chinese subsidy program aims to stimulate smartphone sales, including some Apple products.