"Apple's iPhone Shipments Decline in China as Huawei Gains Market Share"
TL;DR Summary
Apple's iPhone shipments in China dropped 2.1% in Q4 of 2023 due to competition from local rivals like Huawei, which saw a 36.2% increase in shipments. Despite overtaking Vivo to become the top smartphone seller in China for the full year, analysts predict Apple's sales will face pressure in 2024. Apple's high-end market share was impacted by rival products and limited product upgrades, but it still attracted demand through discounts and promotions. Huawei is expected to bolster its market share, with analysts estimating a significant rise in smartphone shipments for 2024.
- Apple's iPhone shipments in China drop 2% in Q4 as Huawei grows market share Reuters
- Apple takes top spot in China's smartphone market for the first time as Huawei returns to the top 5 CNBC
- Apple stock slides as iPhone shipment in China drop 2% in Q4 By Investing.com Investing.com
- China iPhone sales slide as competition mounts | REUTERS Reuters
- Apple's Smartphone Shipments in China Fell in Fourth Quarter The Wall Street Journal
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