Apple's iPhone sales in China fell 24 per cent year-on-year in the first six weeks of 2024, according to research firm Counterpoint, as the US company faced increased competition from domestic rivals such as Huawei.
The US tech giant's chief competitor in China in premium smartphones, Huawei, saw unit sales rise by 64 per cent in the period, according to the report.
This could fan fears of a slowdown in demand for the US company, whose revenue forecast for the current quarter was $6 billion below Wall Street expectations.
FNC proposes Euro-Mediterranean and Gulf AI hub at economic forum
UAE calls for stronger Euro-Mediterranean, Gulf cooperation
Dubai's DGCX to launch region’s first Gold Spot T+0 Contract
AD Ports launches new logistics link between UAE and Iraq
Kuwait plans to boost oil output to 2 million bpd in a week
