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Apple iPhone sales slump in China amid Huawei’s comeback

Livemint

Livemint · 1y ago

Apple iPhone sales slump in China amid Huawei’s comeback

Apple saw a significant decline in iPhone sales in China during the first quarter, facing tough competition from local rivals and the resurgence of Huawei in the high-end segment. Sales of iPhones dropped by 19% compared to the previous year, placing Apple in third place behind Vivo and Honor. In contrast, Huawei's sales increased by 70%, driven by the successful launch of its 5G-capable Mate 60 series. Overall, the Chinese smartphone market experienced a 1.5% growth in sales, with market shares of top sellers being extremely close.

Related News

Chinese consumers cheer Apple's iPhone 15, others prefer Huawei

Economic Times

Economic Times · 1y ago

Chinese consumers cheer Apple's iPhone 15, others prefer Huawei

Apple's iPhone 15 received mixed reactions in China, its third-largest market. Many users liked the faster chip and improved gaming capabilities, but some preferred Huawei's new smartphone. Huawei's recent launch and state media support amid US sanctions have influenced consumer sentiment. The smartphone market in China is in a slump, and the country's slowing economy may affect iPhone 15 sales. IDC predicts increased competition from Huawei will gradually reduce Apple's market share in China's premium phone market.

Apple offers iPhone discounts in China as competition intensifies

Economic Times

Economic Times · 7m ago

Apple offers iPhone discounts in China as competition intensifies

Apple is offering discounts up to 500 yuan on its latest iPhone models in China, from January 4-7, to maintain market share amid rising competition from local brands like Huawei. The discounts apply to specific payment methods and include both newer and older iPhone models, as well as MacBook laptops and iPad tablets. This move comes as Apple faces declining sales in China, where Huawei's market presence has surged, especially in the premium segment.

Apple profit climbs but sales miss expectations

Economic Times

Economic Times · 7m ago

Apple profit climbs but sales miss expectations

Apple reported $124.3 billion in revenue for the holiday quarter, yet fell short of market expectations, largely due to competitive pressures in China affecting iPhone sales. Despite this, Apple achieved a $36.3 billion profit, driven by growth in its services and digital content sector. iPhone sales slightly declined, especially in China, while services revenue climbed to $26.3 billion. Apple is expanding its AI capabilities and facing intense market competition, particularly in China.

Apple set for biggest revenue jump in two years

Economic Times

Economic Times · 10m ago

Apple set for biggest revenue jump in two years

Apple is set to report its biggest quarterly revenue increase in two years, buoyed by strong iPhone demand, particularly in China. The spotlight will be on the company's commentary regarding its fiscal first quarter, particularly with regards to the success of the iPhone 16 series and Apple Intelligence. Investors are concerned that the slow rollout of Apple Intelligence could delay a highly anticipated sales boost. Despite competition from Huawei and other domestic players in key markets like Europe and China, Apple is expected to announce a 3.8% increase in iPhone sales for the quarter.

Apple pins hopes on AI for iPhone upgrades as China sales falter

Economic Times

Economic Times · 1y ago

Apple pins hopes on AI for iPhone upgrades as China sales falter

Apple reported better-than-expected third-quarter iPhone sales and predicted further growth as it focuses on artificial intelligence (AI). The company's revenue forecast for its fiscal fourth quarter is in line with Q3's 4.9% increase. Although iPhone sales in China declined by 6.5%, they were better than anticipated. Apple has been offering discounts in China to compete with local rivals such as Huawei. The company is set to launch its AI-driven iPhone 16 series in September, and analysts believe it will boost sales. Apple faces three antitrust probes in the EU and a monopoly accusation from the US Department of Justice.

Apple's problems are piling up ahead of its biggest launch in nearly a decade

Business Insider

Business Insider · 1y ago

Apple's problems are piling up ahead of its biggest launch in nearly a decade

Apple is facing several challenges ahead of the launch of its Vision Pro headset. The company is dealing with problems related to the Apple Watch, declining iPhone sales in China, and developer disputes over App Store commissions. Apple had to halt sales of certain Apple Watch models due to patent infringement, causing a setback in a product segment worth approximately $18 billion per year. Additionally, iPhone sales in China have dropped, and Apple is facing legal battles with developers over its App Store policies. These challenges come at a crucial time for Apple as it prepares for the launch of its highly anticipated Vision Pro headset.

Tim Cook flexes his Shanghai trip on Chinese social media amid Apple's China crisis

Business Insider

Business Insider · 1y ago

Tim Cook flexes his Shanghai trip on Chinese social media amid Apple's China crisis

Apple CEO Tim Cook has been sharing highlights of his trip to China on the social media platform Weibo. Cook posted a video of himself enjoying breakfast and taking a stroll along the Bund waterfront with Chinese actor Zheng Kai. He also shared visits to a local director's studio, a Chinese games developer, and an Apple store. Cook's trip to China comes amid falling iPhone sales in the country and increasing competition from domestic smartphone makers. Engaging with Chinese consumers directly is seen as a key strategy for Apple to maintain its position in the market.

Apple shares rise after positive sales outlook signals iPhone recovery

Economic Times

Economic Times · 7m ago

Apple shares rise after positive sales outlook signals iPhone recovery

Apple shares rose post-market after projecting better-than-expected sales, signaling a potential iPhone recovery bolstered by new AI features. Higher-than-anticipated sales of iPads and Macs, due to innovative chips, helped offset weaker iPhone and China revenues last quarter. CEO Tim Cook highlighted that AI features enhance product appeal, noting plans for broader language support. Despite cautious AI rollouts, strong services and ecosystem growth counterbalance iPhone challenges, particularly in China. Sales across services and hardware largely surpassed Wall Street estimates.

Smartening up Siri: Apple's upcoming iPhone will break new ground with AI shift

Livemint

Livemint · 11m ago

Smartening up Siri: Apple's upcoming iPhone will break new ground with AI shift

Apple is set to introduce the iPhone 16, a smartphone tailored specifically for artificial intelligence (AI). The new model aims to revamp Apple's virtual assistant Siri and offer customizable emojis in real-time. The company's pivot towards AI is seen as a response to minor upgrades in previous iPhone models, leading to a recent sales slump. By performing most of the AI tasks on the device itself, Apple is positioning itself as a leading player in the consumer AI revolution. The anticipation for the iPhone 16 launch has caused Apple's stock price to rise by 13%.

Apple's China headache worsens as iPhone faces double-digit sales slump

Business Insider

Business Insider · 1y ago

Apple's China headache worsens as iPhone faces double-digit sales slump

Apple is facing a worsening situation in China as its iPhone sales are predicted to decline by double digits, according to Jefferies analysts. The tech giant's stock has also been downgraded by Barclays and Piper Sandler, while a legal battle has disrupted the sales of its Apple Watch in the US. Data from market research company GfK reveals that the iPhone 15 has not sold as well as its predecessor in China, with a 30% year-on-year decline being reported. The strained relationship with China and competition from Huawei further contribute to Apple's challenges in the country.

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