Apple Inc. (NASDAQ:AAPL) is one of the Best Technology Stocks to Buy for the Long Term. On March 5, David Vogt from UBS maintained a Hold rating on Apple Inc. (NASDAQ:AAPL) with a price target of $280.

The analyst mentioned in a research note that Apple faced a sharp decline in iPhone shipments in China. The shipments declined 37% year-over-year in January 2026 to around 2.2 million units. This follows a 14% decline in December 2025. The analyst noted that this reflects normalization after a strong selling season following the launch of iPhone 17.

Overall smartphone shipments in China declined by around 16% year-over-year in January 2026. Moreover, UBS noted that iPhone’s share in the market declined to around 11% in January from 14% a year ago. This marks the lowest January shipments for Apple since 2019.

Apple Inc. (NASDAQ:AAPL) is known for its consumer electronics, software, and other related products. Its premium line of products, which includes the iPhone, iPad, Mac computers, and a range of other accessories, has earned the company widespread acclaim and customer loyalty.

While we acknowledge the potential of AAPL as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you’re looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.

READ NEXT: 40 Most Popular Stocks Among Hedge Funds Heading Into 2026 and 10 Unstoppable Stocks That Could Double Your Money.

Disclosure: None. Follow Insider Monkey on Google News.