Right before your quote they use the words VAST MAJORITY to describe China's impact. And it's not just one section, it's stated at the top of the release in the summary, along with supply constraints, as the reason for the revised estimate.
My point is that almost every other comment here was confirmation bias about things hnews readers think are important. They're not important. They're worthy of a throwaway sentence in an earnings estimate at best. It's obnoxious.
Incorporating the carrier costs in the analysis, are you getting more than $5 in value a day? Because with an Xs max and a noncapped plan, that's what I'd be spending.
So even with that price I'd consider it more valuable than what I'm spending.
With that said, of course I can have a very similar experience while using a cheaper phone so a better ROI but I think that phones are actually our most bang-for-the-buck gadget nowadays.
Sure but that was one of the sections with reasons. They also said
> While macroeconomic challenges in some markets were a key contributor to this trend, we believe there are other factors broadly impacting our iPhone performance, including consumers adapting to a world with fewer carrier subsidies, US dollar strength-related price increases, and some customers taking advantage of significantly reduced pricing for iPhone battery replacements.
I don’t think we should ignore these either.