Apple: iPhone China sales slide as Huawei soars, report says

Apple's iPhone sales in China dropped 24% in early 2024, while Huawei's jumped 64%, Counterpoint reports.

Fierce local competition and overall smartphone market decline of 7% challenged Apple, which fell to fourth place in market share.

Despite US sanctions, Huawei's new 5G phones sparked a surge, securing second place. Honor also saw growth. Apple's recent discounts in China follow decreased revenue and a drop in its share value.