Apple’s Lanka in China! All efforts failed, fear of being out of top-5? – 2024-05-05 05:59:17

2024-05-05 05:59:17
All Apple’s efforts seem to be failing. There is a continuous decline in iPhone sales in China. Apple used to be the most sold smartphone in the Chinese market. But in the last one year, Apple has slipped from the first position to the 5th position. In such a situation, there is a fear whether Apple will be out of the top 5 smartphone brands in China in the coming days.

Apple will be out of top 5
If this happens, it will be very difficult for the company. Because Apple’s CEO visited China amid falling smartphone sales and announced the opening of new Apple stores in China. Along with this, Apple is giving many discount offers to increase iPhone sales in China, but it does not seem to be beneficial.

What was the reason for Apple’s weak demand?
According to the report, for the first time in the last four years, there has been a decline in iPhone sales in China. iPhone is facing tough competition from Chinese brands like Huawei. This is the reason why iPhone sales are continuously declining. Although Apple is the world’s largest smartphone company, Apple 1 has slipped from the first to the fifth position. Due to weak demand for iPhone, the company’s revenue has seen a decline of about 10 percent.

Apple had reached third place
According to the report of market research firm Counterpoint, iPhone sales in the Chinese smartphone market had fallen by about 19.1 percent in the first quarter. At that time, the market share of iPhone was 15.7 percent and the company had reached the third position, lagging behind brands like Vivo and Honor. Huawei smartphone sales have been around 70 percent in the first quarter. During this period the market share has been around 15.5 percent. Recently, iPhone 15 has got a strong competition from Huawei Pura 70 series.