Apple's Market Share Declines Amid AI Challenges

Apple's market share declined to 18% in 2024, as the company faced challenges in the smartphone sector despite launching significant products like the Vision Pro and the iPhone 16, which was marketed as AI-enabled. Analysts had expected a sales boost from the iPhone 16, but the anticipated 'golden' upgrade cycle has yet to materialize, particularly in key markets such as Greater China, where competition from Xiaomi is intensifying. Meanwhile, the tech sector in the U.S. is experiencing a mixed performance, with the Nasdaq Composite slipping due to a sell-off in tech stocks, despite continued interest in AI innovations. Market analysts suggest this downturn is a recalibration rather than a long-term decline in tech and AI. While there are concerns about inflated valuations and regulatory scrutiny, many experts remain optimistic about the future potential of technology. The overall sentiment reflects a cautious but hopeful outlook as investors adjust strategies to navigate these market fluctuations.