In November, foreign mobile phone shipments in China stood at 3.04 million units, down 47.4% year-on-year, according to CNBC calculations using official Chinese data.
The figures highlight the mounting pressure Apple is under in the world's largest smartphone market as a result of rising competition from domestic brands.
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U.S. Housing Market Faces Challenges, Restaurants Struggle, and Apple Battles Huawei in ChinaThis news article covers various economic and market trends. It highlights the challenges in the U.S. housing market, the difficulties faced by the restaurant industry due to inflation, and Apple's competition with Huawei in the Chinese smartphone market.
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