Woah! $Apple(AAPL)$ saw a 47% plunge in mainland China sales in November. And it’s NOT due to a bad economy as headlines will suggest.
China’s overall mobile phone market fell 5.1% to 29.6m units in November. That’s a decline of 1.59m units.
But foreign branded phones fell 47% to 3.04m. They fell by 2.73m units!
The domestic brands alone registered a 19.1% YoY growth to 26,56m units.
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You have no idea what you are talking about. 3 of top 5 are Chinese brands. And most likely most of the “Others” are also Chinese brands or made in China for foreign brands. $XIAOMI-W(01810)$ $Samsung Electronics Co., Ltd.(SSNLF)$
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