Apple Inc. has seen a significant decline in iPhone sales in China, the world's largest smartphone market. According to a report by Counterpoint, Apple's market share has dropped to 17.1%, placing it in third behind Huawei and Xiaomi. Despite the overall smartphone sales in China falling by 3.2% year over year, Apple's revenue for Greater China remained flat at $15 billion. In comparison, Huawei and Xiaomi have gained market share, indicating heightened competition and serious challenges for Apple in this crucial market.
According to research firm Counterpoint, Apple Inc.'s iPhone sales have sharply declined in China, with the company ranking third in a market dominated by Huawei and Xiaomi.
Apple's market share in China fell to 17.1%, while Huawei's had risen to 18.1% and Xiaomi's to 17.2%, reflecting significant challenges for the tech giant.
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