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Apple returns to top 5 smartphone ranking in China with iPhone 16 as Huawei battle ramps up - TL;DR CNBC

Apple returns to top 5 smartphone ranking in China with iPhone 16 as Huawei battle ramps up

Publishing timestamp: 2024-10-25 05:00:12


Summary

Apple reentered the top five smartphone vendors in China in the third quarter, but its growth was still behind Huawei. Huawei's resurgence in the market has put pressure on Apple, which is hoping the iPhone 16 series and Apple Intelligence software will help it make a comeback. Domestic rival Vivo led the market in the third quarter, while separate data from Canalys showed Apple's shipments in China declined year-on-year.


Sentiment: MIXED

Tickers: AAPL

Keywords: iphonebusiness newsearningschinatim cookapple incsmartphonestechnology

Source: https://www.cnbc.com/2024/10/25/apple-returns-to-top-5-in-china-with-iphone-16-huawei-grows-faster.html


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