‘s recent performance in the Chinese smartphone market presents a mix of challenges and opportunities. Analyst Ming-Chi Kuo from TF Securities has pointed out a significant decline in iPhone shipments, particularly for theHuaweiDespite facing challenges in the fourth quarter of 2023, with flat year-over-year revenue and a 3% drop in share prices following sales forecasts,, reaching $89.50 billion.
On a global scale, Apple maintains a strong market share, leading ahead of Samsung. This strength is also reflected in India, whereThis surge is attributed to consumers showing interest in premium smartphones, driven by financing options and attractive offers. Apple is expected to expand its market share from 4.5% to 6% in India, thanks to its focus on the market and local production initiatives.