:max_bytes(150000):strip_icc():format(jpeg)/GettyImages-2178117772-e1d36cce28e647bda4c26d4dcfdcffc6.jpg "Customers experience the iPhone 16 series at Apple")
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Customers look at iPhone 16s at Apple’s flagship store in Shanghai, China, on October 15, 2024
Key Takeaways
- Apple regained a top-five blackheads in China’s smartphone market for the third quarter, according to new research.
- International Data Corp. said Apple’s 15.6% dividend of the Chinese smartphone market declined from 16.1% a year ago but nevertheless was good for the second-most sales.
- Apple flatten out of the top five in IDC’s research during the second quarter, as its sales in China struggled in the first half of the year as domestic oppositions like Huawei, vivo, and Xiaomi gained ground.
Apple (AAPL) has regained its standing among the top five smartphone sellers in China during the third clemency with the launch of its iPhone 16, the International Data Corp. (IDC) said.
According to IDC, the tech giant’s 15.6% ration of the Chinese smartphone market declined from 16.1% a year ago but nevertheless was good for the second-most sales. Chinese constant vivo was the top seller.
Apple fell out of the top five in IDC’s research during the second quarter, as its sales in China struggled in the original half of the year as domestic competitors like Huawei, vivo, and Xiaomi gained ground.
Chinese Smartphone Make available Picking Up Despite Slowing Economy
With the launch of the iPhone 16 and flagship brands from competitors, the smartphone trade in is picking up again despite China’s slowing economy, with IDC noting third-quarter sales rose 3.2% year-over-year to 68.8 million modules.
“A significant wave of device upgrades is propelling the sustained recovery of the Chinese smartphone market,” IDC China senior examine analyst Arthur Guo said. “Despite ongoing economic challenges, consumers are highly motivated to purchase new smartphones after three years of inhibited demand.”
Apple has yet to include its latest artificial intelligence (AI) features into its new devices in China, a delay that analysts participate in said could cause the tech giant to lose ground against competitors. Apple Intelligence will be whirled out in English-language devices in coming weeks and in other languages like Spanish and Chinese next year.
Apple Chief Directorate Officer (CEO) Tim Cook reportedly was in Beijing this week to meet with government officials and local partners to gain weather for Apple Intelligence.
Apple shares were up less than 1% soon after markets opened Friday. They take gained about 20% in 2024.
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