Apple Inc. has recently seen weak iPhone sales in China, according to Credit Suisse, adding to recent caution about the region. Shipments of the iPhone fell 35.4% on a year-over-year basis in November, “significantly lagging the 0.2% y/y increase in the broader Chinese smartphone market,” claims analyst Matthew Cabral.
Apple’s share of the Chinese smartphone market slipped to 5 percent from 7 percent last month as it struggled to compete with Chinese juggernaut Huawei, which captured 42 percent of its local market last month. This drop has come despite the Chinese smartphone market being slightly up and follows a double-digit drop in October of 10.3%.
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Cabral also wrote that Apple would have a tough time pushing through tariff-related price increases to U.S. consumer if the 15per cent tariffs on billions in Chinese-made consumer goods come into effect on Dec. 15. Apple has asked the Trump administration to waive levies on China-made Apple Watches, iPhone components and other consumer products.
Apple also trails those other domestic players—Huawei, Vivo, Oppo and Xiaomi—and its 5.1% annualised market share it record in the third quarter represents a year of decline. There was something of a boost when the Apple iPhone 11 launched, with some strong early sales, but that has not endured. The fact those models do not include 5G connectivity is a major issue for the U.S. giant, and we’re curious how they’ll
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(Source)
