Foreign phone sales plunge 47% in China spelling trouble for Apple

Foreign phone sales plunge 47% in China spelling trouble for Apple


An Apple flagship store in Shanghai, China, October 15, 2024.

Cfoto | Future Publishing | Getty Images

Sales of foreign phone brands in China plunged in November, according to official data released Friday, underscoring further pressure on Apple, the biggest international handset vendor in the country.

In November, foreign mobile phone shipments in China stood at 3.04 million units, according to CNBC calculations based on data from the China Academy of Information and Communications Technology (CAICT).

That’s a fall of 47.4% from November 2023, and a 51% drop from October last year.

CAICT does not break down figures for individual brands, however Apple accounts for the majority of foreign mobile phone shipments in China with competitors like Samsung forming only a tiny part of the market.



Source

CNBC Daily Open: Investors had much to cheer in 2025 — but 2026’s starting out rocky
Technology

CNBC Daily Open: A banner year for markets in 2025

A trader wears “2026” glasses on the floor of the New York Stock Exchange (NYSE) in New York, US, on Wednesday, Dec. 31, 2025. Michael Nagle | Bloomberg | Getty Images May this year prove as lucrative as 2025, when the S&P 500 rallied 16.39% mostly on the back of enthusiasm over artificial intelligence, though […]

Read More
Week in review: We initiated a position — plus, top gainers and laggards of 2025
Technology

Week in review: We initiated a position — plus, top gainers and laggards of 2025

Friday marked the end of a lackluster week for stocks and the first trading session of 2026. The market was mixed for the holiday-shortened week: The Dow and Nasdaq shed 0.1% and 1.5%, respectively, while the S & P 500 edged roughly 1% lower, its third back-to-back loss since Monday. It’s unclear what caused the […]

Read More
Anthropic’s ‘do more with less’ bet has kept it at the AI frontier, co-founder Amodei tells CNBC
Technology

Anthropic’s ‘do more with less’ bet has kept it at the AI frontier, co-founder Amodei tells CNBC

SAN FRANCISCO — Inside Anthropic headquarters, President and co-founder Daniela Amodei keeps coming back to a phrase that’s become a sort of governing principle for the artificial intelligence startup’s entire strategy: Do more with less. It’s a direct challenge to the prevailing mood across Silicon Valley, where the biggest labs and their backers are treating […]

Read More