Apple's Fortunes in China Worsen, Research Firms Say

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KEY TAKEAWAYS

  • Apple is suffering successful China arsenic section rivals overtake it, 3 caller reports by investigation firms monitoring shipments successful nan world's largest smartphones marketplace showed.
  • Apple’s China iPhone shipments fell 3.1% year-over-year successful nan 2nd 4th while wide Android telephone income roseate 11.1%, according to preliminary information from IDC.
  • The apical 5 China smartphone vendors are wholly home for nan first time, Canalys said.

Apple (AAPL) is suffering successful China arsenic section rivals overtake it, 3 caller reports by investigation firms monitoring shipments successful nan world's largest smartphones marketplace showed.

The declines successful Chinese iPhone income travel moreover arsenic Apple unit partners person implemented heavy discounts to pull customers. The country's slowing economy is besides putting a damper connected consumption.

Apple China iPhone Shipments Fall 3.1% successful Q2, IDC Says

Apple’s China iPhone shipments fell 3.1% year-over-year successful nan 2nd quarter, according to preliminary information from IDC, while wide Android telephone income roseate 11.1%.

China's Huawei was nan apical smartphone seller successful China successful nan first half of nan year, though section rival vivo took nan apical spot successful nan 2nd quarter, according to IDC China elder investigation expert Arthur Guo.

The two, on pinch different home player, Xiaomi, each registered "large double-digit growth" successful nan quarter, starring Apple to driblet into sixth spot successful IDC's rankings for income successful nan country.

Separately, Counterpoint said that Apple posted "single-digit" Q2 income declines, moreover arsenic smartphone income successful nan state accrued 6%.

Entirely Domestic Sellers successful China's Top 5 for First Time, Canalys Says

Finally, Canalys noted that section vendors are dominating nan apical 5 for nan first time, pinch Apple's 14% China marketplace stock marking a 2% alteration from nan anterior year.

"Chinese vendors' strategies for high-end products and their heavy collaboration pinch section proviso chains are starting to salary disconnected successful hardware and package features," Canalys Research Analyst Lucas Zhong said.

The U.S. firm's travails successful China bespeak its challenges worldwide, arsenic its global marketplace share—and those of nan different premium telephone seller, South Korea’s Samsung—decline.

Apple shares were up astir 1% an hr earlier nan opening doorbell Friday.

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