News Formal

Apple Faces Mounting Pressure in China's Smartphone Market

  • 📰 NBCLA
  • ⏱ Reading Time:
  • 9 sec. here
  • 7 min. at publisher
  • 📊 Quality Score:
  • News: 24%
  • Publisher: 59%

Technology News

Apple Faces Mounting Pressure in China's Smartphone Market
APPLE,CHINA,SMARTPHONE MARKET

Foreign mobile phone shipments in China plummeted in November, with Apple dominating the market but facing increasing competition from domestic brands. The figures, based on official Chinese data, show a 47.4% year-on-year decline in shipments to 3.04 million units.

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.

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:

NBCLA /  🏆 319. in UK
 

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.

U.S. Housing Market Faces Challenges, Restaurants Struggle, and Apple Battles Huawei in ChinaU.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.
Source: nbcchicago - 🏆 545. / 51 Read more »