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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.

Related News

Apple secures “Global Smartphone Seller” title despite headwinds in China

Livemint

Livemint · 1y ago

Apple secures “Global Smartphone Seller” title despite headwinds in China

Apple's iPhone series became the best-selling smartphone in China in 2023, as per data from market tracker IDC. Despite facing tough competition from local rivals and increased government restrictions on foreign technology, the iPhone secured the top position in shipments for both the fourth quarter and the entire year. Apple's success can be attributed to its ability to decline less than its competitors during the period, thanks to timely discounts and promotions. However, sustaining demand in China may be a challenge for Apple due to further weakening iPhone sales and government restrictions.

Chinese sales of foreign phone makers, including Apple, drop 9.7% in May - The Economic Times

Economic Times

Economic Times · 1m ago

Chinese sales of foreign phone makers, including Apple, drop 9.7% in May - The Economic Times

In May, sales of foreign-branded mobile phones in China, including those of Apple Inc., decreased by 9.7% year-on-year, according to the China Academy of Information and Communications Technology. Shipments fell to 4.54 million units, affected by increased competition from domestic brands. Apple's performance significantly influences the market, with discounts offered on newer iPhone models. Overall, phone shipments in China dropped by 21.8% year-on-year to 23.72 million units for the month.

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 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'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.

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's iPhone China shipments in February look even worse than estimated

Business Insider

Business Insider · 1y ago

Apple's iPhone China shipments in February look even worse than estimated

Apple's iPhone sales in China continue to decline, with a 33% drop in shipments in February compared to the same month in 2023. This follows a 39% decline in January. Counterpoint Research had previously estimated a 24% decline in iPhone sales in China during the first six weeks of the year. Apple is facing strong competition from Huawei, as well as challenges from government bans on iPhones and an economic slowdown. The company's CEO, Tim Cook, recently visited China in an attempt to strengthen ties in the country.

Apple dominates smartwatches but faces challenges

Livemint

Livemint · 1y ago

Apple dominates smartwatches but faces challenges

Apple, currently dominating the smartwatch market, is facing challenges as competition intensifies. The recent ban on selling its Series 9 and Ultra 2 models in the US due to a patent dispute reflects the rivalry in the market. Apple's revenue streams are dependent on diversification beyond iPhones, but the company's high market share and attach rates are being challenged by Huawei in China and price-sensitive India. While smartwatches still offer growth opportunities, Apple needs to address concerns over new products and ecosystem pull-through to maintain its dominance.

China commerce minister meets Apple's Tim Cook

Economic Times

Economic Times · 1y ago

China commerce minister meets Apple's Tim Cook

China's commerce minister, Wang Wentao, met with Apple CEO Tim Cook to discuss Apple's development in China and Sino-US economic and trade relations. The meeting followed the opening of Apple's new store in Shanghai, as the company faces challenges such as declining iPhone sales in China and competition from domestic brands like Huawei. Wang expressed that China is willing to collaborate with the US to create a fair and stable environment for business cooperation. Cook is expected to attend the China Development Forum in Beijing next week.

Entrepreneur says Uber charging ₹52 extra on iPhone over Android for same ride, sparks debate

Inshorts · 8m ago

Entrepreneur says Uber charging ₹52 extra on iPhone over Android for same ride, sparks debate

An entrepreneur shared a screenshot showing Uber app quoting ₹52 extra on iPhone as compared to Android for the same trip. "This isn't a glitch - it's design thinking in action," she said. "This is an example of proxy bias...and digital discrimination," a LinkedIn user said. "[Uber] offers discounts...when it detects you may be using services of competition," said another.

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