Key Points
According to the report, some analysts predict this downward trend will continue throughout 2024, deepening the 24% decline Apple experienced in 2023.Reuters..
Many think the golden time for Apple in China is over.. iPhone's China shipments have been declining for three straight months, as per a report by Bloomberg, with February sales down a staggering 33% compared to last year..
The drop in Apple's China numbers underscores the challenges facing the US firm in its third biggest market, as some Chinese companies and government agencies limit employees' use of Apple devices, a measure that mirrors US government restrictions on Chinese apps on security grounds...
In the past, there have been reports about restrictions on iPhones in China, but the Chinese government has denied that there are any laws or regulations prohibiting the purchase of Apple or other foreign brands' phones...
The U.S. tech giant's chief competitor in China in premium smartphones, Huawei, saw unit sales rise by 64% in the first six weeks of 2024 when iPhone sales fell 24%, according to the Counterpoint report..
You might be interested in
Apple's holiday-quarter forecast faces threat from Huawei, weak China market
01, Nov, 23Apple investors will have one big question when the world's most valuable company reports earnings on Thursday - will Huawei's resurgence in China dampen its holiday-quarter expectations?
Apple China sales lag overshadows quarterly profit, revenue beats
02, Feb, 24Apple reported sales of $119.58 billion and profit of $2.18 per share for its fiscal first quarter ended December 30, both above analyst expectations of $117.91 billion and $2.10 per share, according to data from LSEG.
Apple surprises in China, sets India high during sales slump
04, Aug, 23Apple has reported an 8% increase in revenue from China and record iPhone sales in India, despite posting its third consecutive quarter of declining s