Apple has experienced a significant downturn in its iPhone sales in China, with a 19% drop in the first quarter of 2024, marking the worst decline since 2020. This sales slump has been attributed to several factors including sluggish iPhone performance, a governmental ban on foreign brands in workplaces, and a growing preference for domestic technology brands. Counterpoint Research highlighted this decline in their recent report. In Q1, the company's sales in China also saw a 13% decrease, noted as the worst decline in four years.
Remember when every sell side analyst on Wall St. was afraid of investing in China but oh so comfy with Appleβs colossal exposure to China? https://t.co/JFDkGXpwLr
π Appleβs China iPhone Sales Dive 19% in Worst Quarter Since 2020 According to Counterpoint Research https://t.co/RwRstcSx8N
Just In | Apple's Q1 iPhone sales in China fall 19%: Reports #Apple https://t.co/cCvYruSzno
$AAPL | Appleβs China iPhone Sales Dive 19% In Worst Quarter Since 2020 - BBG https://t.co/BbVshkNJJu
Appleβs China iPhone Sales Dive 19% in Worst Quarter Since 2020 https://t.co/v92daQxZIr
Appleβs China iPhone Sales Dive 19% in Worst Quarter Since 2020 https://t.co/bR6s0qMzSZ
Apple's China iPhone Sales Dive 19% in the Worst Quarter Since 2020. $AAPL
APPLE'S 1Q CHINA IPHONE SALES FALL 19%, COUNTERPOINT SAYS
*APPLE'S 1Q CHINA IPHONE SALES FALL 19%, COUNTERPOINT SAYS
"#iPhone sluggishness has hurt sales in #China, but there are also other concerns, incl a ban on foreign brands in govt workplaces & a broader preference shift to homegrown technology...In Q1 the coβs π¨π³ sales β¬οΈ13%βworst decline in 4yrs" https://t.co/BZzYUjcb62