Apple Inc’s (NASDAQ:AAPL) iPhone sales in China saw a 24% drop in the first six weeks of the year, demoting it to the fourth position among smartphone vendors in the country, as reported by Counterpoint Research.
This decline allowed Vivo, a Dongguan-based company proficient in catering to the budget segment, to overtake Apple as China’s top smartphone seller.
Despite both companies experiencing sales drops, the overall smartphone market in China also contracted by 7%, dampening expectations of a quick market recovery, Bloomberg reports.
Huawei Technologies Co capitalized on the success of its Mate 60 Pro series and a surge in nationalistic purchasing, increasing its market share to ...