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Stockreport

Apple's first-quarter smartphone shipments in China tumble 19%, data shows [Globe and Mail, The (Toronto, Canada)]

Apple Inc. (AAPL)  More Company Research Source: Globe and Mail, The
Last apple inc. earnings: 4/30 04:30 pm Check Earnings Report
US:NASDAQ Investor Relations: investor.apple.com
Apple lost its crown as the biggest smartphone seller in China to rival Vivo, sliding to third place in the quarter, followed by Huawei whose market share jumped to 15.5% from 9.3% a year earlier. Honor, a mass market brand spun out of Huawei, was in second place. “Huawei's comeback has directly impacted Apple in the premium segment. Besides, the replacement demand for Apple has been slightly subdued compared to previous years,” said Counterpoint analyst Ivan Lam in a press release. “For the second quarter, the possibility of new color options combined with aggressive sales initiatives could bring the brand back into positive territory,” Lam said, adding it is seeing slow but steady improvement in weekly iPhone sales. China is Apple's third-biggest market and generated around 17% of its total revenue in the October-December quarter. Its market share loss in China comes after separate data showed earlier this month that the U.S. firm suffered nearly a 10% drop in global smartp [Read more]

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Stockreport

Apple's first-quarter smartphone shipments in China tumble 19%, data shows [Globe and Mail, The (Toronto, Canada)]

Apple Inc.  (AAPL) 
Last apple inc. earnings: 4/30 04:30 pm Check Earnings Report
US:NASDAQ Investor Relations: investor.apple.com
Apple lost its crown as the biggest smartphone seller in China to rival Vivo, sliding to third place in the quarter, followed by Huawei whose market share jumped to 15.5% from 9.3% a year earlier. Honor, a mass market brand spun out of Huawei, was in second place. “Huawei's comeback has directly impacted Apple in the premium segment. Besides, the replacement demand for Apple has been slightly subdued compared to previous years,” said Counterpoint analyst Ivan Lam in a press release. “For the second quarter, the possibility of new color options combined with aggressive sales initiatives could bring the brand back into positive territory,” Lam said, adding it is seeing slow but steady improvement in weekly iPhone sales. China is Apple's third-biggest market and generated around 17% of its total revenue in the October-December quarter. Its market share loss in China comes after separate data showed earlier this month that the U.S. firm suffered nearly a 10% drop in global smartp [Read more]

IMPACT SNAPSHOT
EVENT TIME:
AAPL
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Price Change %
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%
Don't Miss Out On The Next BIG Stock Move
Performance comparison Updated
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Stock performance from the time of news release until the following 4pm ET market close
LAST PRICE AT
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Multi-day stock performance from the time of the news release
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Low:
MAX DOWN
Low:
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POST NEWS RANGE
%
PRICE CHANGE

PRICE CHANGE PERCENTAGE


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%

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%

VOLUME (SHARES)
TICKS

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Event Day Chart will not be displayed beyond 90-day period of the event
PERFORMANCE SINCE EVENT
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