"Apple's iPhone Sales Drop 24% in China Amid Huawei's Surging Popularity"

1 min read
Source: Yahoo Finance
"Apple's iPhone Sales Drop 24% in China Amid Huawei's Surging Popularity"
Photo: Yahoo Finance
TL;DR Summary

Apple's iPhone sales in China dropped 24% in the first six weeks of 2024, while Huawei's sales surged by 64%, according to Counterpoint. This has led to concerns about a slowdown in demand for Apple, with its market share in China falling to 15.7%. Huawei, on the other hand, rose to second place with a 16.5% market share. The overall smartphone market in China shrank by 7%, with Huawei's resurgence in premium smartphone sales being attributed to the release of its Mate 60 series.

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