Apple stock falls on reports Huawei gaining bigger-than-expected market share in China
) new iPhone 15 is facing challenges in the Chinese market, with sales lagging behind its predecessor - the iPhone 14 - according to Bloomberg News.On the other hand, Jefferies analysts believe the decline is even steeper, indicating a double-digit percentage compared to sales of iPhone 14.
These reports highlight the challenges Apple is encountering in China, where economic struggles and competition from companies like Huawei are impacting iPhone sales. Counterpoint projects Huawei could sell 5 to 6 million units of the Mate 60 Pro alone this year, numbers that could hit double-digits in 2024.“The trend suggests iPhone would lose to Huawei in 2024,” analysts wrote in a note.
“We believe weak demand in China would eventually lead to lower-than-expected global shipments of iPhone.”We encourage you to use comments to engage with other users, share your perspective and ask questions of authors and each other. However, in order to maintain the high level of discourse we’ve all come to value and expect, please keep the following criteria in mind: Include punctuation and upper and lower cases.
{username} Just Now Share Follow this postUnfollow this post Save Saved. See Saved Items . This comment has already been saved in your Saved Items Author's response{commentContent} Reply 00 Report {username} Just NowAuthor's response Share Follow this postUnfollow this post Save Saved. See Saved Items .
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Apple to update iPhone units inside Apple Stores without opening the boxesAlan, an ardent smartphone enthusiast and a veteran writer at PhoneArena since 2009, has witnessed and chronicled the transformative years of mobile technology. Owning iconic phones from the original iPhone to the iPhone 11 Pro Max, he has seen smartphones evolve into a global phenomenon.
Read more »
Philippines denounces China for 'dangerous and offensive' actions in South China SeaThe Philippine military has called out China to stop 'unsafe actions' in the South China Sea, after a Chinese navy ship shadowed and attempted to cut off a Philippine navy vessel conducting a resupply mission late last week.
Read more »
Transatlantic blame game: Trump, Merkel, Biden and the danger of Germany’s dependence on HuaweiDonald Trump tried to prod Germany to ban the Chinese tech giant, but former Chancellor Angela Merkel defied him. As Germany grows increasingly anxious about China, Biden is trying to do the same with Merkel’s successor.
Read more »
America’s GPS Falls Under the Rival EU and China Satellites’ ShadowChina, Russia and the European Union have developed satellite networks offering global-positioning services as the U.S. system ages
Read more »
Apple Insider Says iPhone 16, iPhone 16 Plus Miss Out On Important UpgradeI am known for my strong views on mobile technology, online media, and the effect this has on the public conscious and existing businesses.
Read more »
The Afterparty Season 3 Not Happening As Apple TV+ Cancels Lord & Miller's Murder-Mystery ComedyThe Afterparty season 3 will officially not be happening after Apple TV+ chose to cancel Lord and Miller's murder-mystery comedy series.
Read more »