iPhone sales plummeted in China as Apple competes with homegrown Huawei
Apple’s rough stretch in the U.S. and European Union is extending to China, where iPhone sales fell 24% year-over-year in the first six weeks of 2024, according to a new report. Is Apple still a growth stock? | Smart InvestingOffEnglishCompetition with China’s Huawei, which is seeing a resurgence after releasing a new series of smartphones, is partly to blame for the decline. So are “abnormally high” iPhone sales last January last year caused by production issues in December 2022, which amplifie...
Read more at qz.com