Post by firoj1414 on Feb 14, 2024 4:15:09 GMT -5
Apple CEO Tim Cook listens during an Asia-Pacific Economic Cooperation Leaders Week program at Apple Park in San Francisco on Nov. 17, 2023. Andrew Caballero-Reynolds | AFP | fake images Apple faces new challenges in China, one of its most critical markets. The iPhone giant's sales in the greater China region in the December quarter fell almost 13% to $20.8 billion. China was once seen as the main growth driver for the company, but last year, cautious consumer sentiment combined with intense competition, particularly from a rejuvenated Huawei, posed a challenge for the Cupertino, California-based giant. the situation may not improve. “Two key factors were holding Apple back in 4Q23: a more cautious and rational spending sentiment and the challenge from Huawei, which generated more buzz in the market than the new iPhone 15 series,” Will Wong, senior manager told.
We do not expect iPhone shipment growth to return to positive territory in in China, and Huawei is expected to remain the key competitor, while more advanced technologies such as artificial intelligence and foldable devices capture more attention from consumers. consumers added Wong. So what challenges does Apple face in the world's second-largest economy? The return of Huawei Last Dominican Republic Email List year, Huawei launched a smartphone called Mate which had connectivity. This was a big surprise to the world. The reason is that in 2019 and 2020, the US government imposed numerous sanctions on Huawei that deprived it of the chips and technology necessary for 5G, which is next-generation mobile Internet that promises ultra-fast downloads. The sanctions, which also restricted Huawei's access to Google software, effectively crippled the Chinese tech giant's mobile phone business.
Huawei once the world's biggest smartphone player, was actually Apple's only major rival in China at the high end of the market. Once Huawei phones lost their competitiveness due to the lack of 5G and next-generation semiconductors, customers flocked to iPhones. Now, with the Mate 60, Huawei is seeing the first signs of a resurgence. "Huawei's resurgence in [the] premium market is attracting back Huawei defectors who switched to Apple because Huawei failed to launch a 5G smartphone in the last three years," Neil Shah, partner at Huawei, told CNBC. Counterpoint Research. In the fourth quarter of Huawei returned to the list of the top five smartphone manufacturers in China. High level competition It's not just Huawei that challenges Apple. Other national brands, from Xiaomi to Oppo, have been slowly entering the high-end market, but at cheaper prices.
We do not expect iPhone shipment growth to return to positive territory in in China, and Huawei is expected to remain the key competitor, while more advanced technologies such as artificial intelligence and foldable devices capture more attention from consumers. consumers added Wong. So what challenges does Apple face in the world's second-largest economy? The return of Huawei Last Dominican Republic Email List year, Huawei launched a smartphone called Mate which had connectivity. This was a big surprise to the world. The reason is that in 2019 and 2020, the US government imposed numerous sanctions on Huawei that deprived it of the chips and technology necessary for 5G, which is next-generation mobile Internet that promises ultra-fast downloads. The sanctions, which also restricted Huawei's access to Google software, effectively crippled the Chinese tech giant's mobile phone business.
Huawei once the world's biggest smartphone player, was actually Apple's only major rival in China at the high end of the market. Once Huawei phones lost their competitiveness due to the lack of 5G and next-generation semiconductors, customers flocked to iPhones. Now, with the Mate 60, Huawei is seeing the first signs of a resurgence. "Huawei's resurgence in [the] premium market is attracting back Huawei defectors who switched to Apple because Huawei failed to launch a 5G smartphone in the last three years," Neil Shah, partner at Huawei, told CNBC. Counterpoint Research. In the fourth quarter of Huawei returned to the list of the top five smartphone manufacturers in China. High level competition It's not just Huawei that challenges Apple. Other national brands, from Xiaomi to Oppo, have been slowly entering the high-end market, but at cheaper prices.