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Apple’s iPhone, along with other foreign-branded smartphones, saw a sharp 21% decline in shipments in China this January. Economic shifts and rising competition from local brands are reshaping the market, putting pressure on international players like Apple.
Shipments of foreign-branded smartphones, including Apple’s iPhone, dropped 21% year-on-year in China during January, according to the latest data from the China Academy of Information and Communications Technology (CAICT). The decrease represents a decline in shipments to 4.398 million units, compared to 5.542 million units during the same month last year.
As the largest foreign smartphone brand in China, Apple plays a crucial role in the overall performance of foreign-branded devices. The company's sales figures significantly impact the country's smartphone market, which has been facing a general slowdown.
In addition to the drop in foreign-branded phone shipments, overall mobile phone sales in China also saw a decline of 14.3%, falling to 27.24 million units in January. This downward trend is reflective of broader challenges in the Chinese smartphone market, where competition from domestic brands remains strong.
Experts suggest that factors such as economic conditions and shifting consumer preferences could be contributing to the reduced demand for foreign-made smartphones. As the market adjusts, it remains to be seen how these trends will evolve in the coming months.
Cambodia must be the first to declare a ceasefire in the ongoing border conflict, Thailand said on Tuesday (16 December), as fighting continued despite earlier claims that hostilities would stop and at least 52 people have been killed on both sides.
Schools across Cambodia and Thailand were forced to close on Monday (15 December) as border clashes between the two countries escalated, with the death toll reaching at least 40 and hundreds of thousands of people displaced, according to officials and local media.
U.S. President Donald Trump confirmed that his administration is examining whether Israel violated the Gaza ceasefire agreement by conducting an airstrike on Saturday (13 December) that killed Hamas leader Raad Saad.
The latest clashes between Thailand and Cambodia mark a dangerous escalation in one of Southeast Asia’s oldest and most sensitive disputes.
In the complex world of international diplomacy, the ongoing tensions between India and Pakistan have raised significant questions about the role of third-party mediation.
Warner Bros Discovery’s board rejected Paramount Skydance’s $108.4 billion hostile bid on Wednesday (17 December), citing insufficient financing guarantees.
Ford Motor Company said on Monday it will take a $19.5 billion writedown and scrap several electric vehicle (EV) models, marking a major retreat from its battery-powered ambitions amid declining EV demand and changes under the Trump administration.
Iran has rolled out changes to how fuel is priced at the pump. The move is aimed at managing demand without triggering public anger.
U.S. stock markets closed lower at the end of the week, as investors continued to rotate out of technology shares, putting pressure on major indices.
The U.S. Federal Reserve’s Federal Open Market Committee (FOMC) cut its benchmark interest rate by 25 basis points to a range of 3.50% to 3.75% following its two-day policy meeting, according to an official statement issued on Wednesday, 10 December.
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