US Stock Market Move | Q4 sales in China dropped by 18%. Apple Inc. (AAPL.US) fell nearly 2% in pre-market trading, down 10% from its all-time high.

On Tuesday, Apple Inc. (AAPL.US) fell nearly 2% in pre-market trading, down 10% since reaching a historical high on December 26 last year, now trading at $225.78. On the news front, according to independent research firm Counterpoint Research, under the incentive competition from various domestic manufacturers such as Huawei, iPhone sales of Apple Inc. in China plummeted: in the fourth quarter of last year, Apple Inc.'s sales in China fell by 18.2% year-on-year, marking a major setback for the company in the Chinese market. The cooling of Apple Inc.'s performance in the Chinese market is partly due to some of its AI features being unable to be realized in the Chinese market, and partly due to the strong performance of Huawei's Mate 70 series, intensifying the competition pressure on Apple Inc.'s smartphones.