The iPhone Shipments Experience Decline as Huawei Gains Market Share in the final quarter of 2023. According to statistics released on Thursday by research firm IDC, Apple’s iPhone shipments experience decline in China by 2.1% in the fourth quarter of 2023 compared to the same time in the previous year due to growing competition from regional rivals led by Huawei.
The decline highlights the difficulties the American company faces in its third-largest market, where several Chinese businesses and government organizations ban staff access to Apple devices. This practice is similar to American government prohibitions on Chinese software due to security concerns.
According to IDC data, Huawei’s shipments rose by 36.2% in the final quarter of the year. The business increased its market share from 10.3% in the same quarter last year to 13.9% over the time, making it the fourth largest smartphone seller in China.
However, according to IDC, Apple surpassed Vivo to take the top spot in smartphone sales for the entire year 2023, with a 17.3% market share. Although Apple is now the best-selling product in China for the first time, analysts believe this year’s sales will see further pressure on the company.
As per IDC, rival devices and Apple’s lack of product upgrades have hurt the company’s high-end market share in China and decreased the allure of iPhones.
According to the report, Apple continues to draw in a large number of customers with significant sales and promotions run through outside distribution channels.
In response to mounting pressure from competitors, Apple provided exceptional discounts on its iPhones earlier this month, slashing retail prices by as much as 500 yuan ($70).
This month, analysts at Jefferies anticipated that Huawei would increase its market share and that Apple sales volumes would continue to decline by double digits in 2024.
They predict that Huawei will ship 64 million smartphones globally in 2024, a substantial increase above the less than 35 million units expected in 2023.
In total, 73.63 million smartphones were shipped into China during the fourth quarter. According to IDC, shipments totalled 271 million devices for the entire year, a 5% decrease.
Please Join WhatsApp Group/Channel for Latest News!
|Join WhatsApp Group
|Follow WhatsApp Channel
Click Here for News Page!