Apple's iPhone sales in China fell 24 per cent year-on-year in the first six weeks of 2024, according to research firm Counterpoint, as the US company faced increased competition from domestic rivals such as Huawei.
The US tech giant's chief competitor in China in premium smartphones, Huawei, saw unit sales rise by 64 per cent in the period, according to the report.
This could fan fears of a slowdown in demand for the US company, whose revenue forecast for the current quarter was $6 billion below Wall Street expectations.
Dubai Taxi Company to acquire National Taxi
Dubai Holding becomes largest shareholder of Emaar Properties
Abu Dhabi gets AED55 billion boost for 24 infrastructure projects
Abu Dhabi aims for 80% local materials in housing projects
UAE Central Bank support package reaches AED 6.2 billion
