Apple Analyst Predicts Foldables, Huawei, And AI Pose Threat To iPhone Throne In 2024

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In his latest forecast, analyst Ming-Chi Kuo of TF International Securities has cautioned that Apple Inc. (NASDAQ:AAPL) may face a significant drop in iPhone shipments by 2024. What Happened: In a blog post on Tuesday, Kuo shared his prediction — a 15% year-over-year decline in iPhone shipments due to the rise in popularity of foldable phones, Huawei Technologies‘s comeback in China, and innovative phone designs that incorporate generative artificial intelligence. According to Kuo, the Tim Cook-led company, which was the highest-ranking smartphone vendor in China last year, has decreased shipm…

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