Apple's iPhone sales in China have significantly decreased in Q1 2024, with a 19.1% drop in phone sales. Concurrently, Huawei experienced a 70% increase in its sales. Apple's market share in China has also declined from 19.7% in Q1 2023 to 15.7% in Q1 2024, making it the third largest smartphone vendor in the region. This shift in market dynamics is part of broader trends affecting the smartphone industry in China.
Analysts see hopeful signs as iPhone sales slide in China https://t.co/xUdicUtTY0 by David Snow
$AAPL CHINA SMARTPHONE SALES MARKET SHARE, Q1 2023 VS Q1 2024 https://t.co/q3vir89Vi8 https://t.co/vEVJ1GdtcT
Apple is now the third largest smartphone vendor in China with a market share of 15.7%, a notable drop compared to its Q1 2023 share of 19.7%. The shrink in iPhone shipments is the biggest among all top vendors. Read more: https://t.co/n7KqMn6Rci
The rebound in stocks gathers pace, earnings season kicks into gear and Apple sees iPhone sales in China dive. Here’s what traders are talking about. https://t.co/BpFajLmR4t
JUST IN: $AAPL Q1 PHONE SALES IN #CHINA FALL 19.1%, HUAWEI'S UP 70% - @PiQSuite ⚠️ Exactly 🎯 as expected 8 months ago, but pretty much everyone choose #FOMO instead 👇🏻🤷🏻♂️ https://t.co/RCaD7CQ982