Apple saw a drop in iPhone sales during China’s Singles Day shopping festival, while Huawei and Xiaomi recorded significant increases. The number of iPhones sold decreased by 4% year-on-year, according to Counterpoint Research. Huawei and Xiaomi saw growth of 66% and 28% respectively over the same period. Huawei’s Mate 60 series gained support in China due to its ability to overcome US export controls. In addition to competition, Apple’s sluggish performance is attributed to supply chain issues.
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Apple’s China ‘struggles’ continue during Singles’ day, as Huawei, Xiaomi leads the chart
Apple saw a drop in iPhone sales during China’s Singles Day shopping festival, while Huawei and Xiaomi recorded significant increases. The number of iPhones sold decreased by 4% year-on-year, according to Counterpoint Research. Huawei and Xiaomi saw growth of 66% and 28% respectively over the same period. Huawei’s Mate 60 series gained support in China due to its ability to overcome US export controls. In addition to competition, Apple’s sluggish performance is attributed to supply chain issues.
Disclaimer
We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.
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