Apple Struggles in China with an 18.2% YoY Sales Drop in Q4 2024 [Report]
Apple's smartphone sales declined by 18.2% year-over-year in China for Q4 2024, according to a new report from Counterpoint. The company ranked third for the quarter, behind Huawei and Xiaomi."The country's smartphone market saw a rebound in the first three quarters of the year, with positive YoY growth each quarter," said Associate Director Ethan Qi. "However, momentum began to slow in Q4 as consumers adopted cautious spending behavior."Senior Research Analyst Mengmeng Zhang noted that this is the first time since the US ban that Huawei has reached the top position. "In Q4 2024, Huawei climbed to the top spot with an 18.1% share. This is the first time since the US ban that Huawei regained the leading position. Huawei's sales increased 15.5% YoY driven by the launch of the mid-end Nova 13 series and high-end Mate 70 series."Continue ReadingSpotlight Deal:Apple AirPods 4 With ANC On Sale for $164.99 [Deal]Share Article:Facebook, Twitter, LinkedIn, Reddit, EmailFollow iClarified:Facebook, Twitter, LinkedIn, Newsletter, App Store, YouTube
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Apple's smartphone sales declined by 18.2% year-over-year in China for Q4 2024, according to a new report from Counterpoint. The company ranked third for the quarter, behind Huawei and Xiaomi.
"The country's smartphone market saw a rebound in the first three quarters of the year, with positive YoY growth each quarter," said Associate Director Ethan Qi. "However, momentum began to slow in Q4 as consumers adopted cautious spending behavior."
Senior Research Analyst Mengmeng Zhang noted that this is the first time since the US ban that Huawei has reached the top position. "In Q4 2024, Huawei climbed to the top spot with an 18.1% share. This is the first time since the US ban that Huawei regained the leading position. Huawei's sales increased 15.5% YoY driven by the launch of the mid-end Nova 13 series and high-end Mate 70 series."
Continue Reading
Spotlight Deal:
Apple AirPods 4 With ANC On Sale for $164.99 [Deal]
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"The country's smartphone market saw a rebound in the first three quarters of the year, with positive YoY growth each quarter," said Associate Director Ethan Qi. "However, momentum began to slow in Q4 as consumers adopted cautious spending behavior."
Senior Research Analyst Mengmeng Zhang noted that this is the first time since the US ban that Huawei has reached the top position. "In Q4 2024, Huawei climbed to the top spot with an 18.1% share. This is the first time since the US ban that Huawei regained the leading position. Huawei's sales increased 15.5% YoY driven by the launch of the mid-end Nova 13 series and high-end Mate 70 series."
Continue Reading
Spotlight Deal:
Apple AirPods 4 With ANC On Sale for $164.99 [Deal]
Share Article:
Facebook, Twitter, LinkedIn, Reddit, Email
Follow iClarified:
Facebook, Twitter, LinkedIn, Newsletter, App Store, YouTube
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