Apple rises back to top 5 China smartphone spot: IDC Research

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It's a tale of two Apples (AAPL) this morning — KeyBanc has downgraded the stock to a sell-equivalent rating of Underweight, with equity research analyst Brandon Nispel citing the company's "unrealistic" growth expectations; concurrently, IDC Research reported the iPhone 16 maker's rebound and rise to the number two smartphone spot in China's consumer market.

Morning Brief anchors Madison Mills and Seana Smith discuss KeyBanc's downgrade and IDC Research's latest data.

To watch more expert insights and analysis on the latest market action, check out more Morning Brief here.

This post was written by Luke Carberry Mogan.