In the fast-evolving landscape of China's smartphone market, Apple faced a huge setback in the first six weeks of 2024, with iPhone sales dropping by 24%, according to a report by Counterpoint Research.
China, accounting for a significant portion of Apple's revenue, represents one-fifth of its total sales. Apple's market share in China dipped to 15.7%, placing it in fourth position, a decline from its second-place position a year ago when it held a 19% market share.
