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Apple takes top spot in China's smartphone market for the first time as Huawei returns to the top 5 - TL;DR CNBC

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: smartphonesapple inciphonechinabusiness newscomputer hardwaretechnology

Source: https://www.cnbc.com/2024/01/25/apple-takes-top-spot-in-chinas-smartphone-market-for-the-first-time.html


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