Apple Iphone sales plunge 24% in China as Huawei smartphone organization resurges, report says

Apple Iphone sales plunge 24% in China as Huawei smartphone organization resurges, report says


Shoppers find out about the freshly released Apple iphone15 at an Apple keep in Yantai, East China’s Shandong province, Sept 28, 2023. 

CostFoto | Nurphoto | Getty Illustrations or photos

Income of Apple’s Apple iphone plunged in China in the initial six weeks of 2024, according to a Counterpoint Study report.

The analyst agency claimed in a notice on Tuesday that Apple iphone profits plunged 24% in the time period, as Apple confronted rigid opposition from community smartphone companies like Huawei, Oppo, Vivo, and Xiaomi.

In distinct, Apple arrived less than significant pressure from Chinese tech big Huawei, whose customer organization is dealing with a resurgence in China after the launch of its Mate 60 smartphone.

This is a breaking information product, and it is currently being current.



Resource

Software stocks plunge on ServiceNow, IBM results as AI fears escalate
World

Software stocks plunge on ServiceNow, IBM results as AI fears escalate

Signage outside the ServiceNow headquarters in Santa Clara, California, US, on Thursday, Sept. 4, 2025. David Paul Morris | Bloomberg | Getty Images Software stocks plummeted on Thursday as disappointing results from ServiceNow and IBM added to fears that artificial intelligence tools and services will disrupt their businesses. Shares of ServiceNow sank 17% Thursday, on […]

Read More
Roche CEO laments Swiss franc strength as drugmaker doubles down on U.S. investment
World

Roche CEO laments Swiss franc strength as drugmaker doubles down on U.S. investment

Roche reported falling sales in the first three months of the year, as the strength of the Swiss franc and generic competition for some of its older drugs weighed on the drugmaker.  First-quarter sales came in at 14.7 billion Swiss francs ($18.7 billion), down 5% year-on-year — but up 6% on a constant currency basis. […]

Read More
These charts show how Iran’s economy is in freefall
World

These charts show how Iran’s economy is in freefall

An Iranian salesperson sits beside a portrait of Iran’s late Supreme Leader Ayatollah Ali Khamenei at his fruit shop in the Shahid Boroujerdi residential complex in southern Tehran, Iran, on April 14, 2026. Morteza Nikoubazl | Nurphoto | Getty Images The war in the Middle East is plunging Iran’s already fragile economy into freefall. Tehran’s […]

Read More