'Global trade faces biggest disruption in 80 years' - WTO Chief
The share of global trade conducted under WTO rules has fallen to 72%, the lowest since the start of the year, as tariffs and geopolitical tensions di...
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.
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