Apple’s iPhone sales during the holiday season slipped despite a highly anticipated AI rollout
1 month, 3 weeks ago

Apple’s iPhone sales during the holiday season slipped despite a highly anticipated AI rollout

New Indian Express  

SAN FRANCISCO: Apple on Thursday disclosed its iPhone sales dipped slightly during the holiday-season quarter, signaling a sluggish start to the trendsetting company’s effort to catch up to the rest of Big Tech in the race to bring artificial intelligence to the masses. The iPhone’s roughly 1% drop in revenue from the previous year’s October-December period wasn’t entirely unexpected, given the first software update enabling the device’s AI features didn’t arrive until just before Halloween, and the technology still isn’t available in many markets outside the US The countries still awaiting Apple’s AI suite include China, a key market where the company continued to lose ground. Apple’s iPhone year-over-year shipments in China declined nearly 10% in the most recent quarter, while native companies Huawei and Xiaomi posted year-over-year increases of more than 20%, according to the research firm International Data Corp. “While China is a potential risk, we think the appeal of Apple products as a luxury product and the potential of AI innovations will keep demand steady in the country,” Edward Jones analyst Logan Purk wrote in a research note assessing the company’s quarterly report. The holiday-season results served to confirm bringing AI to the iPhone and Apple’s other products may not boost the company’s recently lackluster growth as much as investors initially thought it might after Cook unveiled the technology before a rapt crowd last June.

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History of this topic

Apple's iPhone 16e outsells the SE, but may not reverse China sales slide
1 week, 5 days ago

Apple's iPhone 16e outsells the SE, but may not reverse China sales slide

Hindustan Times  

In China, Apple’s new $599 iPhone 16e is now outpacing the sales of the $429 third-generation iPhone SE in which was released a few years back. The iPhone 16e sales were 60% stronger in its opening three days, compared to the iPhone SE from 2022, but the forecast remains that China sales will decline about 2% overall this year. The …

Apple registered highest shipments growth in January 2025 in India
3 weeks ago

Apple registered highest shipments growth in January 2025 in India

The Hindu  

Apple’s dream run in India continues as the iPhone maker secured fourth spot in January 2025 in the world most populous nation with a handsome 11.7% growth on year-over-year basis. The U.S. based company held on with 11.4% market share to remain in top five smartphone brands for the fifth consecutive month. Overall, India’s smartphone market declined by 9.7% YoY …

iPhone 16e: Can a budget phone help Apple overtake Huawei in China?
1 month ago

iPhone 16e: Can a budget phone help Apple overtake Huawei in China?

CNN  

Hong Kong CNN — Apple offered the latest version of its budget friendly phone for pre-sale in key markets on Friday, in an effort to woo price-sensitive customers in countries like China and India. In China, Apple’s second most-largest market, homegrown giant Huawei has made a stunning comeback after being pummeled by American sanctions since 2019. According to data from …

Alibaba to partner with Apple on AI features
1 month, 1 week ago

Alibaba to partner with Apple on AI features

Deccan Chronicle  

Alibaba will partner with Apple to support iPhones' AI services offering in China, its chairman said on Thursday, a move likely to help the U.S. company ease falling smartphone sales in its key market. While Apple's phones outside China utilize a combination of its proprietary Apple Intelligence and OpenAI's ChatGPT, Tsai did not specify whether the Alibaba partnership would follow …

Apple’s AI moment is still a ways off
1 month, 3 weeks ago

Apple’s AI moment is still a ways off

Live Mint  

Apple’s fiscal first-quarter report Thursday afternoon showed iPhone revenue falling nearly 1% from a year earlier to $69.1 billion for the period. That was below even the anemic 1.4% growth Wall Street had anticipated—and a notable slowdown from the 6% revenue growth Apple’s largest product line showed in the same period last year. Apple Chief Executive Tim Cook said on …

Amid Apple’s record streak in India, iPhone sales in the country hit $10bn
1 month, 3 weeks ago

Amid Apple’s record streak in India, iPhone sales in the country hit $10bn

Live Mint  

Apple Inc. scaled a 11th straight quarterly revenue record in India in the October-December period, with analysts estimating that the iPhone’s gross revenue hit $10 billion in the country last year. Apple chief executive Tim Cook, speaking at the company’s post-results earnings call with analysts, underlined India’s role both as a consumption market and an export hub for Apple. Navkendar …

Apple sees record quarterly earnings despite sluggish iPhone sales, services keep numbers high
1 month, 3 weeks ago

Apple sees record quarterly earnings despite sluggish iPhone sales, services keep numbers high

Firstpost  

As usual, the holiday season and iPhone launches played a pivotal role in driving these strong numbers. In the first quarter, iPhone revenue stood at $69.1 billion, a slight dip from $69.7 billion in Q1 2024. Overall, Apple’s revenue went to $124.3 billion from $119.58 billion this quarter Cook also shared that India set a record in the December quarter, …

Apple’s iPhone sales during the holiday season slipped despite a highly anticipated AI rollout
Trending News
1 month, 3 weeks ago

Apple’s iPhone sales during the holiday season slipped despite a highly anticipated AI rollout

The Hindu  

Apple on Thursday disclosed its iPhone sales dipped slightly during the holiday-season quarter, signaling a sluggish start to the trendsetting company’s effort to catch up to the rest of Big Tech in the race to bring artificial intelligence to the masses. Apple’s iPhone year-over-year shipments in China declined nearly 10% in the most recent quarter, while native companies Huawei and …

Apple logs 'best quarter ever but iPhone sales dip despite AI rollout
1 month, 3 weeks ago

Apple logs 'best quarter ever but iPhone sales dip despite AI rollout

Hindustan Times  

Despite logging what its CEO called the “best quarter ever”, smartphone giant Apple's sales growth fell short of market expectations as iPhone sales dipped slightly during the holiday-season despite AI rollout. ‘Best quarter ever’ The company posted a profit of $36.3 billion, with CEO Tim Cook calling it “the best quarter ever.” Apple reported a record revenue of $124.3 billion …

Apple shares rise over 3% after positive sales outlook signals iPhone recovery
1 month, 3 weeks ago

Apple shares rise over 3% after positive sales outlook signals iPhone recovery

Live Mint  

Apple executives on Thursday forecast relatively strong sales growth, a sign the company will recover from a dip in iPhone sales as it rolls out artificial intelligence features. Despite the AI rollout stumbles, Apple's overall sales and profits were boosted by stronger-than-expected sales in its fiscal first quarter of iPads and Macs, where new chips helped persuade customers to upgrade. …

Apple’s iPhone sales during the holiday season slipped despite a highly anticipated AI rollout
1 month, 3 weeks ago

Apple’s iPhone sales during the holiday season slipped despite a highly anticipated AI rollout

Associated Press  

SAN FRANCISCO — Apple on Thursday disclosed its iPhone sales dipped slightly during the holiday-season quarter, signaling a sluggish start to the trendsetting company’s effort to catch up to the rest of Big Tech in the race to bring artificial intelligence to the masses. Apple’s iPhone year-over-year shipments in China declined nearly 10% in the most recent quarter, while native …

Apple’s smartphone sales slump in China as Huawei gains market share
2 months ago

Apple’s smartphone sales slump in China as Huawei gains market share

Live Mint  

Sales of iPhones in China during the quarter were weaker than the overall Chinese market, the data showed. Apple’s smartphone sales in China fell sharply in the final quarter of 2024, hurt by the popularity of local rivals like Huawei and others expanding into the premium market, according to a closely followed research firm. The U.S. tech giant’s fourth-quarter iPhone …

Apple's market share in China declines to 15% as local rivals surge ahead
2 months, 1 week ago

Apple's market share in China declines to 15% as local rivals surge ahead

Hindustan Times  

This Jan. 16 story has been corrected to show that it is Apple's worst performance in China for smartphone sales since 2016, not Apple's worst smartphone sales performance in China since 2016, in paragraphs 2, 5) According to statistics released Thursday by research firm Canalys, Apple lost its position as the largest smartphone vendor in China in 2024 when local …

Apple dethroned as top smartphone seller in China, replaced by Vivo & Huawei
2 months, 1 week ago

Apple dethroned as top smartphone seller in China, replaced by Vivo & Huawei

Live Mint  

Apple has been replaced as the highest smartphone seller in China as rivals Vivo and Huawei overtook the US-based company after annual shipments in the country declined to 17% in 2024, the New York Post reported, citing data from research firm Canalys. Market share in China Smartphone maker Vivo captured a market share of 17% in 2024, while Huawei had …

Apple no longer the best selling smartphone brand in China, loses crown to Vivo
2 months, 1 week ago

Apple no longer the best selling smartphone brand in China, loses crown to Vivo

Firstpost  

Vivo emerged as the market leader in 2024, claiming 17 per cent of China’s smartphone market, while Huawei closely followed with a 16 per cent share. Research from Canalys reveals that Apple’s shipments in China dropped by 17 per cent in 2024, marking its largest-ever annual decline in the region. Vivo and Huawei surge ahead Vivo emerged as the market …

Apple iPhone sales drop 5% globally after AI rollout disappoints, Chinese competition grows
2 months, 1 week ago

Apple iPhone sales drop 5% globally after AI rollout disappoints, Chinese competition grows

Hindustan Times  

Apple Inc.’s global iPhone sales declined by about 5% during the final quarter of 2024 due to underwhelming upgrades and competitors making inroads in China, Bloomberg reported. A man checks an iPhone 16 Pro Max as the new iPhone 16 series smartphones go on sale at an Apple store in Beijing, China September 20, 2024. REUTERS//File Photo According to the …

Apple's iPhones too expensive for China’s new subsidy scheme, ceiling capped at US$818
2 months, 2 weeks ago

Apple's iPhones too expensive for China’s new subsidy scheme, ceiling capped at US$818

Firstpost  

The subsidy programme, which allows a maximum rebate of 500 yuan per purchase and is limited to one item per product category, is open to both domestic and foreign manufacturers. Apple’s exclusion comes at a time when foreign smartphone brands, primarily Apple, have seen their market share in China shrink dramatically. Image Credit: Reuters China’s latest consumer subsidy scheme, designed …

What's Driving Apple's Nearly $4-Trillion Market Valuation? Let's Take A Closer Look
3 months ago

What's Driving Apple's Nearly $4-Trillion Market Valuation? Let's Take A Closer Look

ABP News  

Apple, the Cupertino-based tech giant that brings iPhones and MacBooks, is on the verge of achieving a groundbreaking $4 trillion market valuation, driven by a surge in its stock price and growing optimism around its artificial intelligence initiatives, as reported by Forbes. Shares Soar, Closing In On Milestone Since November, under CEO Tim Cook, Apple's stock has climbed 16 per …

Apple approaches historic $4 trillion valuation, it is now also ahead of Nvidia and Microsoft
3 months ago

Apple approaches historic $4 trillion valuation, it is now also ahead of Nvidia and Microsoft

India Today  

Apple is closing in on a historic $4 trillion stock market valuation, powered by investors cheering progress in the company's long-awaited AI enhancements to rejuvenate sluggish iPhone sales. it is a function of limited Apple Intelligence features and geographic availability, and as both broaden, it will help to drive an improvement in iPhone demand," Morgan Stanley analyst Erik Woodring said …

Apple AI in China: In talks with Tencent, ByteDance to roll out AI features, sources say
3 months ago

Apple AI in China: In talks with Tencent, ByteDance to roll out AI features, sources say

The Hindu  

Apple is in talks with Tencent and TikTok owner ByteDance about integrating their artificial intelligence models into iPhones sold in China, according to three sources familiar with the matter. ChatGPT is not available in China and the country's regulatory requirements mandate that generative AI services obtain government approval before public release, forcing Apple to seek local partners for its AI …

Apple's stock at all time high, tech co back as most valuable company thanks to Apple Intelligence
3 months, 1 week ago

Apple's stock at all time high, tech co back as most valuable company thanks to Apple Intelligence

Firstpost  

According to JPMorgan analyst Samik Chatterjee, the real AI windfall will come with the expected 2025 launch of the iPhone 17. He projects iPhone sales will rise from 230 million units this fiscal year to 251 million the following year Apple’s stock currently trades at 34 times its projected earnings over the next 12 months, making it one of the …

India-made iPhones breach $10 billion milestone, reveals IT Minister Ashwini Vaishnaw
3 months, 3 weeks ago

India-made iPhones breach $10 billion milestone, reveals IT Minister Ashwini Vaishnaw

Firstpost  

The PLI scheme continues to play a pivotal role in attracting global tech giants like Apple to India, bolstering the country’s position as a key player in the global electronics manufacturing ecosystem Apple’s expansion in India shows no signs of slowing down. Image Credit: Firstpost | Mehul Reuben Das India’s iPhone production has hit a remarkable milestone, surpassing $10 billion …

Apple India revenue rises 36% to ₹67,122 crore in FY24, driven by iPhone sales
4 months ago

Apple India revenue rises 36% to ₹67,122 crore in FY24, driven by iPhone sales

Live Mint  

Apple India reported a revenue of ₹67,121.6 crore for the financial year ended March 2024, up 36% from a year earlier, driven by higher iPhone sales. For FY25, iPhones are expected to generate nearly $11 billion in sales for Apple India with Mac, iPad, wearables and services likely to bring in another $4-6 billion and setting the company on road …

Apple’s record 4 million unit sales helps tech giant post its largest quarter growth in India
4 months, 1 week ago

Apple’s record 4 million unit sales helps tech giant post its largest quarter growth in India

Firstpost  

The Indian smartphone market overall grew by 5.6 per cent year-over-year, marking its fifth consecutive quarter of positive growth. While Apple made headlines with its impressive numbers, Vivo maintained its position as the market leader, holding 15.8 per cent of the total market share The premium smartphone segment, comprising devices priced between $600 and $800, witnessed the most significant growth, …

Apple vs Samsung: See which smartphones Indians are buying
4 months, 1 week ago

Apple vs Samsung: See which smartphones Indians are buying

Hindustan Times  

Apple's market share in India has expanded while rival Samsung has struggled with its sales numbers taking a hit yet again, showed data from market intelligence firm International Data Corporation. Apple's market share grew by 58.5% year-over-year for the third quarter of 2024, while Samsung's market share fell by 19.7% year-over-year for the same period. She added that the launch …

Apple's AI-Powered iPhone Sales Resurgence: A Turning Point for the Tech Giant
4 months, 3 weeks ago

Apple's AI-Powered iPhone Sales Resurgence: A Turning Point for the Tech Giant

The Hindu  

Apple's iPhone sales have rebounded after a recent slump, with the company reporting a 6% increase in revenue and profit for the July-September period. The iPhone boost helped Apple deliver total quarterly revenue and profit that exceeded analyst projections, despite an one-time charge of $10.2 billion to account for a recent European Union court decision. The latest quarterly results captured …

Apple's India Expansion: A Strategic Shift Away from China
4 months, 3 weeks ago

Apple's India Expansion: A Strategic Shift Away from China

Firstpost  

Apple's expansion of its manufacturing base in India has gained significant attention, with the tech giant exporting nearly $6 billion worth of iPhones between April and September 2024. This represents a one-third increase in value compared to the same period last year, setting Apple on track to exceed $10 billion in exports by the end of the fiscal year. The …

Apple’s Sales in China Are Stalling. What Will It Sacrifice to Turn Things Around?
5 months ago

Apple’s Sales in China Are Stalling. What Will It Sacrifice to Turn Things Around?

Wired  

“Our objective is to move as fast as we can, obviously, because our objective is always to get features out there for everyone. We have to understand the regulatory requirements before we can commit to doing that and commit a schedule to doing that.” In this context, Apple’s decision to open up its biggest research center outside of the US …

Apple to increase its investment in China, Tim Cook says
5 months ago

Apple to increase its investment in China, Tim Cook says

China Daily  

Apple to increase its investment in China, Tim Cook says By Cheng Yu chinadaily.com.cn Updated: Oct 23, 2024 Consumers select products at an Apple store in Chengdu, Sichuan province, Feb 23, 2024. Tim Cook, CEO of Apple Inc, said the company will continue to increase investment in China and contribute to the industrial and supply chains, as he met with …

Apple breaks out of recent sales slump as it gears up to make its leap into the AI craze
7 months, 3 weeks ago

Apple breaks out of recent sales slump as it gears up to make its leap into the AI craze

Associated Press  

Apple snapped out of a prolonged sales slump during its most recent quarter as the trendsetting company prepares to launch into the artificial intelligence craze with an arsenal of new technology that’s expected to juice demand for its next iPhone. Sales of the iPhone — Apple’s marquee product — remained on a downward slope though, dipping 1% from last year …

Sales of iPhone fall to three-year low as Apple’s popularity drops in China
7 months, 3 weeks ago

Sales of iPhone fall to three-year low as Apple’s popularity drops in China

The Telegraph  

Sales of the iPhone have fallen to the lowest level for three years after Apple’s popularity dropped in China and as shoppers wait for new models. However, the company saw another sales drop in China, where it has struggled in recent months as local rival Huawei has overcome US microchip sanctions to launch new high-end phones. Overall, however, Apple’s sales …

Global smartphone market sees 6.5 per cent growth in Q2, Samsung and Apple lead: IDC Report
8 months, 1 week ago

Global smartphone market sees 6.5 per cent growth in Q2, Samsung and Apple lead: IDC Report

India TV News  

Global smartphone shipments have reportedly increased by 6.5 per cent in the second quarter of 2025, which will be driven by Samsung Electronics and Apple. Global smartphone shipment in the second quarter As per the Reuter report, it is marked as the fourth consecutive quarter of growth in global shipments, in which smartphone manufacturers are leveraging artificial intelligence to attract …

Apple records highest growth as the global PC market continues its recovery in Q2 2024
8 months, 2 weeks ago

Apple records highest growth as the global PC market continues its recovery in Q2 2024

The Hindu  

The global PC market delivered its second quarter of growth following seven consecutive quarters of decline. Worldwide shipments reached 64.9 million units in the second quarter of 2024 with the overall market benefitting from commercial refresh cycles, hype around AI PCs and promotional activity from consumer-oriented brands, IDC shared in a blog post. While there is buzz around AI, a …

Berkshire's profit plunges 64% on portfolio holdings as Buffett it sells Apple
10 months, 3 weeks ago

Berkshire's profit plunges 64% on portfolio holdings as Buffett it sells Apple

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy Berkshire Hathaway's first quarter profits …

Record breaking Q2 growth in India: Apple
10 months, 3 weeks ago

Record breaking Q2 growth in India: Apple

The Hindu  

Apple witnessed significant growth in India and the country remains a “major focus” said Apple Inc CEO Tim Cook. ‘’In terms of the operational side or supply chain side, we are producing there, from a pragmatic point of view, you need to produce there to be competitive,’‘ he said referring to India. In another India-involved call-out during the Q2 earnings, …

Apple suffers steepest sales fall in a year amid China iPhone slump
10 months, 3 weeks ago

Apple suffers steepest sales fall in a year amid China iPhone slump

The Independent  

Sign up to our free weekly IndyTech newsletter delivered straight to your inbox Sign up to our free IndyTech newsletter Sign up to our free IndyTech newsletter SIGN UP I would like to be emailed about offers, events and updates from The Independent. “We are also raising our quarterly dividend for the 12th year in a row.” The revenue decline …

Apple Stock Buyback Quarterly Earnings Revenue Loss Decline Tim Cook iPhone iPad iOS
10 months, 3 weeks ago

Apple Stock Buyback Quarterly Earnings Revenue Loss Decline Tim Cook iPhone iPad iOS

ABP News  

Apple on Friday announced its quarterly results, which not only surpassed subdued analyst expectations but also included an unprecedented share buyback initiative. Apple disclosed a 4 per cent increase in its cash dividend alongside a staggering $110 billion stock buyback authorisation, the largest in its history. Reuters Graphics The Cupertino giant reported a 4 per cent decrease in fiscal second-quarter …

Apple’s revenue drops, net sales of iPhone and iPad plunge
10 months, 3 weeks ago

Apple’s revenue drops, net sales of iPhone and iPad plunge

The Hindu  

Apple reported quarterly revenue of $90.8 billion, which was down 4% year over year, as it noted a drop in the net sales of iPhones, iPads, and wearables in the past one year. While it surpassed low expectations, Apple announced a record $110 billion stock buyback. The premium gadget maker has been looking to put together more of its handsets …

Apple stock rallies over upbeat forecast, record-setting stock buyback
10 months, 3 weeks ago

Apple stock rallies over upbeat forecast, record-setting stock buyback

Hindustan Times  

Apple Inc. shares jumped in late trading after the company posted stronger-than-expected sales last quarter and predicted a return to growth in the current period, sparking optimism that a slowdown is easing. “We believe we are well-positioned.” Cook said Thursday that Apple will stand out from its AI rivals by tightly integrating hardware and software, using in-house chips, and making …

Apple shows its steepest quarterly decline in iPhone sales since pandemic's outset
10 months, 3 weeks ago

Apple shows its steepest quarterly decline in iPhone sales since pandemic's outset

NPR  

Apple shows its steepest quarterly decline in iPhone sales since pandemic's outset Enlarge this image toggle caption Mark Lennihan/AP Mark Lennihan/AP Apple on Thursday disclosed its steepest quarterly decline in iPhone sales since the pandemic's outset, deepening a slump that's increasing the pressure on the trendsetting company to spruce up its products with more artificial intelligence. It marked the biggest …

Apple’s quarterly iPhone sales plunge 10%, but stock price surges on dividend, stock buyback news
10 months, 3 weeks ago

Apple’s quarterly iPhone sales plunge 10%, but stock price surges on dividend, stock buyback news

Associated Press  

Apple on Thursday disclosed its steepest quarterly decline in iPhone sales since the pandemic’s outset, deepening a slump that’s increasing the pressure on the trendsetting company to spruce up its products with more artificial intelligence. The 10% drop in year-over-year iPhone sales for the January-March period is latest sign of weakness in a product that generates most of Apple’s revenue. …

Apple suffers 10% drop in quarterly iPhone sales to start the year, biggest drop since pandemic
10 months, 3 weeks ago

Apple suffers 10% drop in quarterly iPhone sales to start the year, biggest drop since pandemic

LA Times  

The sun is reflected on Apple’s Fifth Avenue store in New York. Apple on Thursday disclosed its steepest quarterly decline in iPhone sales since the pandemic’s outset, deepening a slump that’s increasing the pressure on the trendsetting company to spruce up its products with more artificial intelligence. It marked the biggest drop in iPhone sales since the July-September period in …

Samsung overtakes Apple as top smartphone maker in Q1 2024
11 months, 1 week ago

Samsung overtakes Apple as top smartphone maker in Q1 2024

The Hindu  

April 15, 2024 10:06 am | Updated 10:08 am IST Apple’s smartphone shipments took a hit by about 10% in the first quarter of 2024, according to a report published by Reuters on Monday, citing data from IDC. During the January- March period, Samsung reportedly captured 20.8% of the market share, clinching the top smartphonemaker position from Apple. In the …

Apple’s iPhone shipments fall 10% as android rivals rise: What's happening?
11 months, 1 week ago

Apple’s iPhone shipments fall 10% as android rivals rise: What's happening?

Hindustan Times  

Apple Inc.’s iPhone shipments were down nearly 10% in the first quarter of the year, losing ground as the broader smartphone industry rebounded, according to market tracker IDC. Apple iPhones are seen inside India's first Apple retail store during a media preview, a day ahead of its launch in Mumbai, India. The Cupertino, California-based company has struggled to sustain sales …

Apple's major milestone: Company now makes 1 in 7 iPhones in India as output hits $14 billion
11 months, 2 weeks ago

Apple's major milestone: Company now makes 1 in 7 iPhones in India as output hits $14 billion

Hindustan Times  

Apple increased its iPhone production in India as the company assembled $14 billion worth of iPhones in fiscal 2024, Bloomberg reported. Foxconn and Pegatron, two major Taiwanese manufacturers, played a significant role in boosting Apple's production output in India. China is the largest iPhone-making hub in the world but Apple is ramping up iPhone production in India as it strategically …

Apple to pay $490 million to settle allegations that it misled investors about iPhone sales in China
1 year ago

Apple to pay $490 million to settle allegations that it misled investors about iPhone sales in China

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy Apple has agreed to pay …

Apple to pay $490 million to settle allegations that it misled investors about iPhone sales in China
1 year ago

Apple to pay $490 million to settle allegations that it misled investors about iPhone sales in China

LA Times  

A preliminary settlement filed in federal court stems from a shareholder lawsuit focused on the way Apple relayed information about how iPhone models released in September 2018 were performing in China, one of the company’s biggest markets. Apple has agreed to pay $490 million to settle a class-action lawsuit alleging Chief Executive Tim Cook misled investors about a steep downturn …

Apple China iPhone sales plunge 24% as Huawei's popularity surges
1 year ago

Apple China iPhone sales plunge 24% as Huawei's popularity surges

The Hindu  

Apple's iPhone sales in China fell 24% year-on-year in the first six weeks of 2024, according to research firm Counterpoint, as the U.S. company faced increased competition from domestic rivals such as Huawei. The U.S. tech giant's chief competitor in China in premium smartphones, Huawei, saw unit sales rise by 64% in the period, according to the report. Apple "faced …

Apple's China sales tumble highlights waning clout as local brands gain
1 year, 1 month ago

Apple's China sales tumble highlights waning clout as local brands gain

The Hindu  

Apple's weak China sales performance may have shocked investors, but customers and analysts have been noting the rising challenges the company faces in its third-largest market. Intensifying competition from domestic rivals, coupled with longer upgrade cycles as consumers spend more cautiously amid an economic slowdown, have stunted Apple's China growth, with sales there nosediving by 13% in the quarter ending …

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