Goldman Sachs released a research report pointing out that according to the shipment of mobile phones in China in December 2024, Apple's iPhone shipment growth rate in China has improved, which may be a positive indicator for Apple's iPhone sales in China in the first quarter (second fiscal quarter). Goldman Sachs' latest research shows that Apple's performance in the Chinese market has improved, but its overall market share is still under pressure. Nevertheless, Apple's shipment growth in China and the stability of its market share indicate that demand for its products is gradually recovering, which may provide support for the upcoming launch of Apple Intelligence. Goldman Sachs maintains a "buy" rating on Apple with a target price of $294. This rating reflects Apple's strong ecosystem, service revenue growth potential, and technological innovation capabilities.