Morgan Stanley pointed out in a report that the potential collaboration between Apple and Alibaba could bring Apple Intelligence features to Chinese iPhone users, which will become a key factor for Apple's competition in the Chinese market. The firm believes that Apple is lagging behind domestic smartphone manufacturers in introducing AI features to Chinese consumers and expects iPhone shipments to decline by 6% in 2024, while the overall smartphone market in China is expected to grow by 6%$Apple(AAPL.US) $Alibaba(BABA.US)
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