Apple's iPhone shipments in China grew in March, shows government data - report [Seeking Alpha]
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Source: Seeking Alpha
Government data showed deliveries of foreign-branded smartphones — a bulk of which would have been the iPhone — rose to 3.75M units in March compared to a year earlier. The shipments had seen a 37% slump in the first two months of 2024, the report added , as per the news agency's calculations off a monthly report by the China Academy of Information and Communications Technology. The official data suggests that efforts made by the U.S. tech giant to halt the decline of sales were showing early results. The data came to light after Apple's CEO Tim Cook, addressing an analyst's query last week about the March quarter, said the iPhone business in mainland China had risen but did not provide details, the report noted. The institute's data showed that foreign phone shipments fell 27% in the first quarter of 2024 overall. Apple's smartphone market share had been dipping in China. The U.S. company slipped to the third spot in China's smartphone market as local rivals Honor and Huaw
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