Apple takes top spot in China's smartphone market for the first time as Huawei returns to the top 5
Publishing timestamp: 2024-01-25 08:56:20
Summary
Apple became the largest smartphone vendor in China in 2023 with a market share of 17.3%. Despite a decline in overall smartphone shipments, Apple's success was attributed to timely price promotions. Huawei also made a comeback in the Chinese market, recording growth in shipments and market share. The Chinese smartphone market is expected to see low single-digit year-on-year growth in 2024.
Sentiment: MIXED
Tickers: AAPL,
Keywords: smartphones, apple inc, iphone, china, business news, computer hardware, technology,