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Apple's center of gravity is China, not Cupertino

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% of iPhones produced in China will keep falling. It has fallen in 2023. It will keep falling
Don't sound like a fortune teller, China just overtook US and became Apple's biggest market, we'll see what plays out in the future, Apple can't live without China.
 
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Don't sound like a fortune teller, China just overtook US and became Apple's biggest market, we'll see what plays out in the future, Apple can't live without China.

Don't sound like a fortune teller, China just overtook US and became Apple's biggest market, we'll see what plays out in the future, Apple can't live without China.

America - 35% of Apple's revenue
Greater China - 17% of Apple's revenue
 
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All those Chinese people bent on buying Iphones are nuts, after all Huawei products are banned in the US.
 
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