iPhone Sales Dip 33% in China Amid Market Challenges
$Apple(AAPL.US$
iPhone shipments in China drop 33% in February year-over-year.
February's 2.4 million shipments reflect Lunar New Year timing.
Apple dominates foreign smartphone shipments in China.
January saw a 39% decrease, with 5.5 million units shipped.
Apple's shares dip less than 1% in premarket trading.
Huawei's comeback in premium segment impacts Apple's market share.
Analyst Nicole Peng cites shipment digestion and slowing trend for Apple.
Overall Chinese smartphone market contracts by almost a third in February.
iPhone shipments in China drop 33% in February year-over-year.
February's 2.4 million shipments reflect Lunar New Year timing.
Apple dominates foreign smartphone shipments in China.
January saw a 39% decrease, with 5.5 million units shipped.
Apple's shares dip less than 1% in premarket trading.
Huawei's comeback in premium segment impacts Apple's market share.
Analyst Nicole Peng cites shipment digestion and slowing trend for Apple.
Overall Chinese smartphone market contracts by almost a third in February.
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Make it Big : Comparing Apple performance in China to the good earnings release recently of Xiaomi, it is evident that the Chinese consumers are favouring China mobile devices brands. On a separate thought, if the US and EU are accusing and suing Apple for antitrust and other competition related offences, will other regulators in other countries follow? it's like easy money for the nation's treasury.