Apple's iPhone sales in China reportedly took a tumble at the end of 2024, with a considerable reduction in sales putting it in a dead heat with homegrown Xiaomi.
The Xiaomi Pad 7 is the iPad killer you've been waiting for. It's the best value for money Xiaomi device in recent memory.
Worldwide smartphone sales grew in 2024 following two consecutive years of decline according to reports from Counterpoint, Canalys, and IDC. The bulk of the growth came from Chinese manufacturers including Xiaomi and Vivo, though Apple and Samsung are still holding strong as the undisputed market leaders.
Apple faced two downgrades ahead of earnings, with analysts citing weak iPhone demand. China continues to be a headwind for sales.
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The Counterpoint Research report reveals that Apple used to have about 19 per cent market share last year. But this year, the numbers have been abysmally low for Apple.
No manufacturer besides Samsung and Apple has managed to secure more than 3% market share in South Korea over the past six years, following LG Electronics’ exit from the market in 2021. According to Counterpoint Research, Samsung commanded 80% of the market in the third quarter of last year, while Apple held 19%.
Apple got hit with downgrades from Jefferies and Loop Capital on fears of slowing iPhone sales and a lack of demand around Apple Intelligence.
Apple’s smartphone sales in China fell sharply in the final quarter of 2024, hurt by the popularity of local rivals like Huawei and others expanding into the premium market, according to a closely followed research firm.
Xiaomi Pad 7 continues the legacy of its predecessors in India. The latest tablet retains the price of its forerunners and yet delivers upgrades. Apart from updated specs, the newer model also comes with optional revamped accessories.
Xiaomi 15 series leads the premium market with 2M+ sales, followed by Huawei Mate 70 at 1.5M. Strong designs and strategies cement their leadership.
Indonesia is reportedly close to finalizing a deal with Apple Inc. (NASDAQ:AAPL) that could pave the way for the sale of the iPhone 16 in the country. According to Bloomberg News, Indonesias investment minister,