Huawei effect: Apple's iPhone sales in China drop by 19%
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Apple's iPhone sales in China have experienced a significant 19% drop at the start of the year, marking the tech giant's most challenging period since the onset of the COVID-19 pandemic in 2020. According to a study by Counterpoint Research, Apple's share of China's smartphone market has shrunk to 15.7% in Q1 2024, down from 19.7% in the previous year. The primary cause for this decline is attributed to stiff competition from local rivals Huawei and Vivo.