Foreign phone sales plunge 47% in China spelling trouble for Apple
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Foreign mobile phone sales in China dropped by 47.4% in November, with Apple being the most affected as it holds the majority share of foreign phone shipments in the country.
January 03, 2025 | 12:45 pm
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Apple faces a significant challenge as foreign mobile phone sales in China fell by 47.4% in November. Apple, being the dominant foreign brand, is likely to see a negative impact on its revenues from this market.
The 47.4% decline in foreign phone sales in China is significant for Apple as it holds the majority share of this market. This drop is likely to negatively impact Apple's revenues from China, which could lead to short-term pressure on its stock price.
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