Apple's iPhone Sales Dip Amid Competition

Apple's iPhone sales declined by 2% in 2024, resulting in a slight decrease in global market share from 19% to 18%, according to Counterpoint Research. The mixed reception of the iPhone 16 series and supply issues contributed to this dip, although Apple saw growth in non-core markets like Latin America and Asia-Pacific. In corporate governance, Apple is urging shareholders to reject a proposal aimed at eliminating its diversity, equity, and inclusion programs at the upcoming annual meeting. Meanwhile, Taiwan Semiconductor Manufacturing Co (TSMC) reported fourth-quarter revenues of approximately $21.4 billion, exceeding expectations, which is seen as a positive sign for the AI sector. The performance of Walgreens Boots Alliance is also noteworthy, with the company expected to report earnings that reflect ongoing buyout discussions and operational improvements. Brokerages have shown caution towards Avenue Supermarts and the paints sector amid competitive pressures and management's focus on market share.