Apple's iPhone Shipments Dip in Q1 As Honor, Huawei Take Top Spot in China

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Apple's iPhone Shipments Dip in Q1 As Honor, Huawei Take Top Spot in China

Seeking Alpha04-25

Apple (NASDAQ:AAPL) slipped to the third spot in China's smartphone market as local rivals Honor and Huawei Technologies were tied for the first place in the first quarter of 2024, according to ...

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href=https://seekingalpha.com/news/4093830-apples-iphone-shipments-dip-in-q1-as-honor-huawei-take-top-spot-in-china><strong>Seeking Alpha</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Apple (NASDAQ:AAPL) slipped to the third spot in China's smartphone market as local rivals Honor and Huawei Technologies were tied for the first place in the first quarter of 2024, according to ...</p>\n\n<a href=\"https://seekingalpha.com/news/4093830-apples-iphone-shipments-dip-in-q1-as-honor-huawei-take-top-spot-in-china\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"LU0127658192.USD","symbol_name":"EASTSPRING INVESTMENTS GLOBAL TECHNOLOGY \"A\" (USD) 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It marked the second consecutive quarter of growth, adding momentum to the market recovery, the report added.The market saw better-than-anticipated shipments mainly due to strong growth from Honor — which had a 17.1% market share, and grew 13.2% year-over-year — and Huawei, which had a 17% share and grew 110% year-over-year.\"Meanwhile, Huawei made a strong comeback and achieved a tie with Honor, though supply constraints will still be a pain point. Apple's price promotions in the quarter were unable to mitigate the impact of the intense competition from Android players,\" said Arthur Guo, senior research analyst in Client System Research for IDC China.Earlier this month, Huawei launched its highly anticipated Pura 70 series of smartphones, as the company looks to sustain momentum after its flagship phone Mate 60, which was launched last year, helped erode Apple's (AAPL) dominance in China's high-end smartphone segment.Oppo, which held the joint third place with Apple, had a 15.7% market share, declining 15.5% year-over-year. Meanwhile, vivo came in the fifth place.The Lunar New Year in the first quarter of 2024 also stimulated shopping and the demand for low- to mid-range devices, the report noted.In the high-end segment, AI features and foldable products allowed the Android smartphone sellers to further differentiate themselves from Apple and saw increased interest from Chinese consumers, according to the report.Guo noted that Honor rose the top spot as it was helped by the company's well-rounded product portfolio and the Magic 6 series phones which came with AI features,The overall Android market grew 9.3% year-over-year.Earlier this week, data from Counterpoint Research showed that Apple's smartphone shipments in China tumbled 19% in the first quarter of this year. It was the phone's worst performance in China since COVID hit around 2020.Apple is also seeing challenges at home in the U.S. market. Apple's shares of smartphone activations fell to 33% in the most recent quarter in the U.S., down from 40% in the 12 months ended March 2023, according to data from Consumer Intelligence Research Partners.","kind":null,"is_publish_news":null,"is_publish_highlight":null,"is_publish_live":null,"is_publish_wemedia":null,"editions":null,"symbols":[],"gpt_button":0},"commentList":[],"hasMoreComments":false,"newsSizeData":{"likeSize":9,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false}}