Smartphone Market Is Stalled and Declining, Says TECHnalysis's O'Donnell

The transcript discusses Apple's unexpected revenue forecast drop, primarily due to challenges in the Chinese market and competition from local brands like Huawei. It highlights Apple's need to diversify beyond hardware, focusing on services as a new revenue stream. The company faces challenges with future hardware innovations, such as 5G and foldable phones, which may impact its market position.

Discuss the importance of diversification for Apple in light of its current challenges.

What future products is Apple expected to release, and how might they impact its revenue?