Greenhui, March 26 | Wedbush Securities said on Monday that in the face of declining iPhone sales and intense competition in the Chinese market, Apple may double its investment in the Chinese smartphone market. Wedbush said that Apple needs to overcome its challenges in the Chinese market before the iPhone 16 is released, including a tough macro environment and competition from other brands. “It all starts with reaffirming Apple's presence in China.” Cook's recent trip to China is a sign that “Apple may double its investment” in the Chinese market. Wedbush said it also maintains Apple's “outperforming the market” rating and a target price of $250.