Quick access to main page (top) Direct access to main contents Quick access to main page (bottom)

Huawei Overtakes Apple in China’s Smartphone Market Amid Sales Surge

Daniel Kim Views  

Apple’s iPhone sales in China have plummeted, falling behind Huawei.

According to Counterpoint, on the 5th, Apple faced intensified competition with Chinese companies such as Huawei in the first six weeks of 2024, resulting in a 24% decrease in iPhone sales in China compared to last year.

On the other hand, Huawei, Apple’s main competitor in China’s premium smartphone market, saw a 64% increase in sales during this period.

According to the report, Apple’s share of the Chinese smartphone market fell to 15.7%, dropping from second place with 19% last year to fourth place.

In place of Apple, Huawei, which increased from 9.4% to 16.5% compared to last year, took second place.

Huawei, struggling for years due to U.S. regulations on exporting core components, made a comeback in the premium smartphone market by launching the Mate 60 series last August.

Mengmeng Zhang, a senior analyst at Counterpoint, said, “Apple is under pressure amid aggressive pricing by OPPO, Vivo, Xiaomi, etc. while facing high price competition due to the resurgence of Huawei.”

This result could fan concerns about Apple’s demand slowdown as this quarter’s sales outlook is below Wall Street’s estimated $6 billion.

Last week, Apple began paying a subsidy of 1,300 yuan ($180.68) for specific iPhone models through Alibaba’s main marketplace platform, Tmall flagship store.

Last month, Apple offered a discount of up to 500 yuan ($69.34) on iPhones on its official site.

Apple’s stock fell 2.2% in pre-market trading and has lost about 10% of its value this year, underperforming compared to other big tech companies in the U.S.

Daniel Kim
content@viewusglobal.com

Comments0

300

Comments0

[LATEST] Latest Stories

  • Pfizer Ends Obesity Drug Trial After Liver Risk Emerges
  • Not Just Old Age: The Pneumonia That Affected Pope Francis’ Final Years
  • China Just Cranked U.S. Tariffs to 84% — And That’s Not the End of It
  • BMW's Next-Gen EV: The Bold New i3 Touring Concept Revealed
  • LEGO Technic Ferrari SF-24 F1 Car: A 1,361-Piece Tribute to Ferrari’s 2024 F1 Season
  • Hyundai’s Ioniq 6 Just Took the Top Spot in J.D. Power’s EV Ownership Study

You May Also Like

  • 1
    Not Ginseng, But Close: Why Acanthopanax Is the New Wellness Star

    LIFESTYLE 

  • 2
    Neck Wrinkles Giving You Away? Here’s How to Smooth Things Out

    LIFESTYLE 

  • 3
    Real Teeth, Grown in a Lab? Scientists Say It’s Closer Than You Think

    LIFESTYLE 

  • 4
    Truth About Carbs and Kids: Why Balance Is Everything

    LIFESTYLE 

  • 5
    Scabies in the Dorms? Here’s How Fast It Can Spread

    LIFESTYLE 

Popular Now

  • 1
    Drank Last Night? Here's Why Skipping the Gym Might Be Smarter

    LIFESTYLE&nbsp

  • 2
    Think Twice Before Adding Water to Your Shampoo Bottle—Here’s Why

    LIFESTYLE&nbsp

  • 3
    Can Balancing Blood Sugar Help You Lose Weight? Here's Why it Matters

    LIFESTYLE&nbsp

  • 4
    Scientists Find Brain Switch That Could Help Reverse Memory Loss

    LIFESTYLE&nbsp

  • 5
    Hugh Jackman Did It for Wolverine. Can You Do It for Your Waistline?

    LIFESTYLE&nbsp

Must-Reads

  • 1
    Not Ginseng, But Close: Why Acanthopanax Is the New Wellness Star

    LIFESTYLE 

  • 2
    Neck Wrinkles Giving You Away? Here’s How to Smooth Things Out

    LIFESTYLE 

  • 3
    Real Teeth, Grown in a Lab? Scientists Say It’s Closer Than You Think

    LIFESTYLE 

  • 4
    Truth About Carbs and Kids: Why Balance Is Everything

    LIFESTYLE 

  • 5
    Scabies in the Dorms? Here’s How Fast It Can Spread

    LIFESTYLE 

Popular Now

  • 1
    Drank Last Night? Here's Why Skipping the Gym Might Be Smarter

    LIFESTYLE 

  • 2
    Think Twice Before Adding Water to Your Shampoo Bottle—Here’s Why

    LIFESTYLE 

  • 3
    Can Balancing Blood Sugar Help You Lose Weight? Here's Why it Matters

    LIFESTYLE 

  • 4
    Scientists Find Brain Switch That Could Help Reverse Memory Loss

    LIFESTYLE 

  • 5
    Hugh Jackman Did It for Wolverine. Can You Do It for Your Waistline?

    LIFESTYLE