Apple iPhone Sales Slump in China Amid Huawei's Comeback [Yahoo! Finance]
Apple Inc. (AAPL)
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Source: Yahoo! Finance
Most Read from The Wall Street Journal Meet the Tesla Diehards Sticking With the Stock Despite Its Disastrous Year Move Aside, Big Banks: Giant Funds Now Rule Wall Street Nike Reverses Course as Innovation Stalls and Rivals Gain Ground Sam Altman Invests in Energy Startup Focused on AI Data Centers FTC Blocks $8.5 Billion Deal Uniting Coach, Michael Kors Apple's iPhone sales fell 19% on year in the world's largest smartphone market, placing the company third overall behind Vivo and Honor, Counterpoint Research said Tuesday. Sales by No. 4 seller Huawei, which had suffered from limited access to advanced chips a year ago, rose 70% on year, helped by the successful launch of its 5G-capable Mate 60 series, Counterpoint said. Oppo and Xiaomi rounded out the top six places for the quarter. Counterpoint described the period as “the most competitive quarter ever,” with market shares of the top seller and the sixth-best seller differing by less than 3.0 percentage points.
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