Foreign brands

Sales of iPhone in China have declined for the fourth consecutive quarter.

Sales of iPhone in China have declined for four consecutive years as all foreign brands experienced significant drops. The decline is attributed to government pressure on consumers to buy Chinese brands and Huawei's re-emergence as a high-end competitor. Apple recently reduced the cost of its current iPhone models, marking a rare decision in the country. Overall, shipments of smartphones to foreign brands decreased by 47% compared to the previous year. [Plus...]