Thursday, December 26, 2024
HomeTechnologyDomestic brands dominate, Apple loses top five spot in China's smartphone market ...

Domestic brands dominate, Apple loses top five spot in China’s smartphone market | Real Time Headlines

On May 24, 2024, a customer purchased an iPhone 15 at the Apple smart product flagship store on Nanjing Road Pedestrian Street in Shanghai, China.

Cost Photo | Noor Photo | Getty Images

apple According to statistics, as competition from domestic brands such as Huawei intensified, Huawei was squeezed out of the top five smartphone manufacturers in China in the second quarter. Canalys Report.

A report released on Thursday showed that Apple’s market share in China shrank to 14% in the second quarter. Growth of 15% in the first quarter and Growth of 16% in the same period last year.

iPhone manufacturer, This is Third largest smartphone supplier In the second quarter of last year, Dropped to sixth place According to CNBC calculations, approximately 9.7 million units were shipped.

“This is the first quarter in history where domestic manufacturers occupy all the top five spots,” said Canalys research analyst Lucas Chung.

Apple’s shipments have been declining Since the first quarter, sales have dropped 25% annually to 10 million units.

“Chinese manufacturers’ high-end product strategy and in-depth cooperation with the local supply chain have begun to bear fruit in terms of hardware and software features. Honor’s latest Magic V3 leverages GenAI to significantly enhance the user experience of foldable devices.” Added.

Apple, on the other hand, faces a “bottleneck” in the Chinese market as it aims to “stabilize retail prices and protect channel partners’ profits,” he said.

Canalys said that as Chinese brands actively integrate generative artificial intelligence into their products, the localization of Apple’s smart services in China will be an important step in the next 12 months.

Chinese brands dominate

Investor Daniels says tech selloff confirms nerves in earnings report
RELATED ARTICLES

Most Popular

Recent Comments