Apple's smartphone shipments in China decreased by 2.1% in the final quarter of 2023 compared to the same period the previous year. This decline was attributed to intensifying competition from local rivals, particularly Huawei. Despite this, Apple's iPhone became the top-selling smartphone in China for the first time in 2023, according to reports from International Data Corporation (IDC) and Forbes. The success was attributed to discounting. However, there are concerns about a potential 15% decline in iPhone shipments for 2024, as indicated by analyst Ming-Chi Kuo. This decline is linked to structural challenges and the lack of compelling upgrades in the upcoming iPhone 16.
Shares of Apple slipped 2% on Tuesday after influential technology analyst Ming-Chi Kuo warned that the company is expecting lower demand for iPhones in 2024 https://t.co/Snxgv9x0gc
Kuo suggests iPhone shipments will drop 15% this year – and iPhone 16 won't help https://t.co/qqQ33WQx3d by @ChanceHMiller
Kuo: iPhone shipments could drop as much as 15% in 2024 - https://t.co/BMEVFd6cu1 by @omarmoharram21
'Supply chain survey indicates that Apple has lowered its 2024 iPhone shipments of key upstream semiconductor components to about 200m units (down 15% YoY). Apple may have the most significant decline among the major global mobile phone brands in 2024.' https://t.co/CBrCGQA8RQ
$AAPL 🔸 APPLE INC SHARES DOWN 2% AFTER ANALYST MING-CHI KUO 2024 IPHONE SHIPMENTS LIKELY TO DECLINE BY ABOUT 15%
".. Apple may have the most significant decline among the major global mobile phone brands in 2024. .. The main reason for the decline in the Chinese market is the return of Huawei and the increasing preference for foldable phones among high-end users as their first choice .."… https://t.co/vrlh0hbuJg
Apple's shipments of iPhones may drop by up to 15% because of multiple issues including the iPhone 16 not being a compelling upgrade, according to analyst Ming-Chi Kuo. By @MalcolmOwen https://t.co/CFmladMHDr
Apple $AAPL iPhone shipments are reportedly likely to decline significantly by ~15% YoY due to structural challenges - Apple Insider Ming-Chi Kuo "My latest supply chain survey indicates that Apple has lowered its 2024 iPhone shipments of key upstream semiconductor components to…
$AAPL 🔸 2024 iPhone shipments likely to decline significantly by about 15% YoY due to structural challenges, says Mingchi Kuo
2024 iPhone shipments likely to decline significantly by about 15% YoY due to structural challenges / iPhone 2024出貨量在可能因結構性挑戰而將顯著衰退約15% YoY https://t.co/MKL4B67IvY
iPhone sales drop in China as local smartphone makers outperformed Apple in the final quarter of last year https://t.co/WRvtVqrBCD https://t.co/O5QRREAiEJ
Apple gains top position in China smartphone market for first time in 2023: Report https://t.co/XjbuZaLLXf
NEW: Apple tops China’s smartphone market for the first time https://t.co/0AWL7KFcmQ
Apple beat out four Chinese smartphone makers to capture top position among mobile venders in China for the first time ever, according to an IDC report. The secret to Apple’s success, however, was a very un-Apple thing: discounting. https://t.co/FPJruybsLe https://t.co/0MyAekyEdh
Hmm this is confusing. While many report $AAPL is struggling in China, they also became the #1 supplier of smart phones in 2023 Apple became the leading smartphone seller in China for the first time ever in 2023, according to International Data Corporation (IDC). IDC said Apple… https://t.co/Zz077I6mrZ
Apple takes top spot as China stems its smartphone sales decline https://t.co/yMyiXL3jBB #Apple
Apple's iPhone shipments in China were down 2.1% in the final quarter of last year from the same period a year ago as Huawei grows market share https://t.co/5aBFCOOuwv https://t.co/tXXCjkZzTd
Apple's iPhone shipments in China were down 2.1% in the final quarter of last year from the same period a year ago as Huawei grows market share. More here: https://t.co/Nv0FILy4Sn https://t.co/PY33iQXwRz
ICYMI: iPhone becomes China’s top-selling smartphone for first time https://t.co/MtIMQvSnVH by David Snow
iPhone dominant in contracting Chinese smartphone market https://t.co/X2sITAccVc #Apple
Apple’s iPhone was the top-selling smartphone in China for the first time last year, a strong showing in the face of fierce local competition and expanding prohibitions on the American company’s technology. https://t.co/hyZWzhhw69
Sales of Apple's smartphone shipments in China shrank 2.1% in the final quarter of 2023 from the same year-ago period, hurt by a growing challenge from local rivals led by Huawei https://t.co/5aBFCOP2m3 https://t.co/NnyfzhJA3U
Sales of Apple's smartphone shipments in China shrank 2.1% in the final quarter of 2023 from the same year-ago period, hurt by a growing challenge from local rivals led by Huawei. More here: https://t.co/Nv0FILy4Sn https://t.co/mWoDeKNBBn
Apple’s smartphone shipments in China shrank 2.1% in the final quarter of 2023 from the same year-ago period, hurt by intensifying competition from local rivals led by Huawei https://t.co/5aBFCOOuwv https://t.co/THwn3YBwg2
Apple’s smartphone shipments in China shrank 2.1% in the final quarter of 2023 from the same year-ago period, hurt by intensifying competition from local rivals led by Huawei. More here: https://t.co/Nv0FILy4Sn https://t.co/lyW5CLZAqZ