Apple February MoM iPhone Sales down 9% in U.S., 16% in China.

Bad news for the U.S. tech bellwether AAPL, unfortunately, keep coming — meaning, the stock is advisable to even more underweight. Total Apple's iPhone's (AAPL) unit sales dropped 4% YoY in February, with a majority of the decline occurring in the U.S., India, and China. According to Apple's (AAPL) February iPhone sales stats, the U.S. saw a decline of 9% while China saw a decline of 16%. Even more, it was reported by AppleInsider that overall February's iPhone sales in China were down a whopping 33% compared to February 2023.

There has been a marked decline of the Apple gadget use among the Chinese students over the past year, according to new data released by the China Academy of Information and Communications Technology (CAICT).

In numbers, global iPhone sales for the month totaled 18.1 million, posting decline from 17.4 million in February 2023. China's local smartphone brands, including Huawei, Xiaomi, Vivo and Oppo, continued to gain market share, prompting a 16% YoY drop. Huawei sales nearly doubled on an annual basis. Sales in India were also down 13% YoY. However, sales in Europe jumped 24% annually, and marked the fourth straight quarter of growth, however European purchases in absolute terms are dwarfed by China’s and India’s ones even separately, let alone combined.