News Formal

Apple loses top spot in China market with shipments down 6.6% in Q1, data shows

  • 📰 YahooFinanceCA
  • ⏱ Reading Time:
  • 17 sec. here
  • 7 min. at publisher
  • 📊 Quality Score:
  • News: 27%
  • Publisher: 63%

Intense Competition News

Biggest Smartphone,Apple,Research Firm

Honor and Huawei were tied for the top spot, with Honor's market share rising to 17.1% and Huawei's share climbing to 17%, IDC said, while the iPhone maker's...

FILE PHOTO: People look at the new iPhone 15 Pro as Apple's new iPhone 15 officially goes on sale across China at an Apple store in Shanghai - Apple lost its crown as China's biggest smartphone seller in the first quarter of 2024 as its smartphone shipments fell 6.6% from a year ago amid intense competition, preliminary data from research firm IDC showed on Thursday.

The IDC declares a statistical tie when the difference between the share of revenue or shipments between two or more vendors is 0.1% or less. Earlier this week, data from research firm Counterpoint showed Apple's smartphone shipments in China tumbled 19% in the first quarter of the year, the worst performance since 2020.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 47. in UK
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

United Kingdom United Kingdom Latest News, United Kingdom United Kingdom Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Apple eyes Asia expansions after losing China market shareApple (AAPL) CEO Tim Cook will be meeting with Singapore's incumbent Prime Minister Lee Hsien Loong and newly-appointed Prime Minister Lawrence Wong as the...
Source: YahooFinanceCA - 🏆 47. / 63 Read more »

China's Huawei continues rebound with strongest earnings growth since 2019Explore stories from Atlantic Canada.
Source: SaltWire Network - 🏆 45. / 63 Read more »

China's Huawei continues rebound with strongest earnings growth since 2019China's Huawei Technologies saw its fastest growth in four years in 2023, with a rebound in its consumer segment and income from new businesses like smart...
Source: YahooFinanceCA - 🏆 47. / 63 Read more »