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iPhone shipments in China fell 17% to 42.9 million in 2024; Apple stock swoons
- Apple's iPhone shipments in China fell 17% to 42.9 million units in 2024.
- This drop in shipments allowed Vivo and Huawei to surpass Apple and claim the top two market share positions in China.
- Apple stock dropped nearly 3% following the report.
- The lack of AI features available on iPhones sold in China contributed to Apple's decline in the market.
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