Apple’s iPhone Shipments in China Drop 21% in January, Jefferies Says
Apple (AAPL, Financials) experienced a 21% decline in iPhone shipments in China in January compared with the same month last year, Jefferies said, citing internal channel checks. The firm said the drop reflected weak demand and limited price cuts from the U.S. technology company. Jefferies’ January total smartphone sales in China dropped 17% year over…