Foreign phone sales in China drop 9.7% as Apple faces local competition

15 hours ago

Foreign phone sales in China drop 9.7% as Apple faces local competition

BEIJING: Sales of foreign-branded mobile phones in China, including those of Apple Inc, fell 9.7% year-on-year in May, according to data released by a government-affiliated research company on Friday.

Calculations based on the data from the China Academy of Information and Communications Technology (CAICT) showed that May shipments of foreign-branded phones in China fell to 4.54 million handsets from the same month last year.

As the largest foreign mobile phone maker in China's smartphone-dominated market, Apple's performance plays a significant role in the overall data on foreign-branded phone sales in the country.

Apple has faced increased competition from domestic rivals and has cut prices to stay competitive. Chinese e-commerce platforms offered discounts of up to 2,530 yuan ($351) on Apple's latest iPhone 16 models in May.

The CAICT data did not give specific figures for Apple.

Shipments of phones within China were down 21.8% year-on-year to 23.72 million handsets for the month, the data showed. - Reuters

...

Read the fullstory

It's better on the More. News app

✅ It’s fast

✅ It’s easy to use

✅ It’s free

Start using More.
More. from The Sun Daily ⬇️
news-stack-on-news-image

Why read with More?

app_description