Shipments of foreign-branded smartphones in China, predominantly Apple's iPhone, fell by 21% in January year-over-year. This data is based on calculations from a government-affiliated research firm.
As the largest foreign phone maker in China, Apple's performance significantly influences the overall data for foreign-branded phone shipments. This decline indicates weakening demand in a critical market.
The substantial drop in iPhone shipments suggests intensifying competition from domestic rivals and potential challenges for Apple to maintain its market share in China, impacting its overall revenue growth.
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