TECH - Apple Faces Rising Competition In China As Rivals Gain Ground | Benzinga
Smartphone maker Apple Inc (NASDAQ: AAPL) considers China its second-largest revenue market where there is heightened competition.
What Happened: The smartphone market, which saw a significant 11% decline in global shipments throughout 2022, is showing signs of recovery. In 2023, this decline has tapered to a marginal 0.1% year-on-year drop in the third quarter, the Wall Street Journal reports.
In China, smartphone sales increased by 11% in the first ...