Reasons :
- There is a low in demand for apple devices due to the high inflation rate. Apple phones are one of the high quality Mobile phones, but the cost of the Apple mobile is very high
- During Covid Pandemic season, People were forced to sit at home due to severe Lockdown measures. So there was a huge necessity to buy high end gadgets to spend their time. But as soon as the lockdown is removed, people wanted to move spend their money in travel and other activities.
- Most of the electronic gadgets are produced in China. But due to China’s Zero covid policy, there is a shortage of Iphones in Apple stores. It has lead to huge Supply chain issues.