Apple iPhone sales slump at major Chinese shopping event, Huawei's climb
Portfolio Pulse from
Apple Inc experienced a significant decline in iPhone sales during China's Singles' Day shopping event, facing increased competition from local brands like Huawei.
November 20, 2024 | 12:00 pm
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Apple Inc saw a significant drop in iPhone sales during China's Singles' Day event, attributed to increased competition from local brands like Huawei.
The decline in iPhone sales during a major shopping event like Singles' Day suggests that Apple is losing market share to local competitors such as Huawei. This could negatively impact Apple's revenue and stock price in the short term as investors react to the news.
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