Apple has forecasted a decline in iPhone sales and a revenue target $6 billion below Wall Street’s expectations, primarily due to challenges in its China business. While the fiscal first-quarter sales and profits exceeded analysts’ predictions, driven by iPhone growth, this news caused Apple’s shares to drop 3 percent in after-hours trading. The decline in iPhone sales in China is attributed to stiff competition from Huawei and the popularity of foldable phones, which Apple does not currently offer. Sales in China for the quarter missed estimates at $20.82 billion, and the company anticipates lower revenue in the next quarter, leading to concerns about its performance in China and an overall drop in year-over-year iPhone sales.