Apple could face further woes in China when it reports third-quarter earnings on Tuesday thanks to its iPhone market share in China slipping to 2014 levels, anti-U.S. sentiment and reports of weaker footfall in its stores.
The California-based tech giant has already been caught in the diplomatic crossfire between the West and China. Over the weekend, demonstrators picketed Apple stores and resellers across China protesting against the recent ruling in the Hague that Beijing had no legal basis to claim a large part of the South China Sea.
Chinese officials denounced the protests, with state-backed Xinhua news agency writing that it was "not the right way to express patriotism". Analysts said the protests were small-scale and unlikely to damage the good brand equity Apple has built.
"I don't see this event having a short term or long-term impact," Nicole Peng, research director for the Asia Pacific region at Canalys, told CNBC by phone on Monday.
"This is a brand that many Chinese customers know and have used."