Guo Mingqi, an analyst at TF International Securities, has highlighted that Apple may encounter a series of formidable challenges in 2025. These include stagnant growth in iPhone sales, minimal contributions from AI services, and a persistent decline in the Chinese market. Guo anticipates that iPhone shipments in 2025 could fall short of expectations, with sales in the Chinese market experiencing a year-over-year decrease. Furthermore, Apple's AI service, Apple Intelligence, has underperformed in terms of driving hardware upgrades and boosting revenue. Lastly, Apple's new ultra-thin and foldable iPhone models may encounter hurdles in the Chinese market due to their exclusive support for eSIM technology.