Apple's Mispricing of iPhone 10R to Blame for China Sales Drop, Wedbush's Ives Says

The transcript discusses the collapse of macro indicators and its impact on Apple's performance, particularly in China. It highlights the mispricing of the iPhone XR as a significant factor affecting sales. The discussion also covers the competitive landscape, with companies like Huawei and Samsung gaining market share. Future growth prospects are tied to stabilizing the install base and adjusting pricing strategies. Apple's financial performance shows growth in services, with a focus on maintaining a healthy ecosystem and user base.

What macro indicators have been observed to be collapsing?

What percentage was Apple up in Q3 last year?

What is suggested as a potential reason for the collapse in consumer confidence?

What is the estimated percentage of iPhone upgrades expected from Chinese consumers in the next 12 to 18 months?

What are the key factors affecting Apple's performance in China?

How has the installed base of Apple devices changed recently?

What is the significance of the services gross margin for Apple's stock?