icon
icon
icon
icon
🏷️$300 Off
🏷️$300 Off

News /

Articles /

Counterpoint: Apple's (AAPL.US) iPhone sales in China fell double digits during Singles Day

Market IntelWednesday, Nov 20, 2024 7:50 am ET
1min read

Market research firm Counterpoint Research said Apple's iPhone sales in China during the Double 11 shopping festival this year fell by double-digit percentage year-on-year, as the company faced pressure from "unusually high" competition. Counterpoint noted that the main reason for the iPhone sales decline was that several mobile phone manufacturers launched new phones ahead of Double 11. "Double 11 is one of the biggest shopping festivals in China. To seize this opportunity, major Chinese mobile phone manufacturers except Huawei launched their latest flagship models ahead of the festival," Counterpoint said. Apple's iPhone sales during Double 11 highlighted the increasing competition the company faces in the world's largest smartphone market, especially from Huawei, and in response, Apple has launched several discount activities to promote phone sales.

Comments

Add a public comment...
Post
User avatar and name identifying the post author
Curious_Chef5826
11/20
$AAPL Does anyone have any insights into this stock? Is it solely a result of momentum and market sentiment, or does the company actually have solid fundamentals?
0
Reply
User avatar and name identifying the post author
greenpride32
11/20
$AAPL check out the three-month chart with the daily, head and shoulders pattern emerging. It seems we might be heading for a test of the quarter's lowest points.
0
Reply
User avatar and name identifying the post author
statisticalwizard
11/20
$AMZN $TSLA $AAPL
0
Reply
User avatar and name identifying the post author
ghostboo77
11/20
$AAPL These shorts 🩳 💩 are going to get you burned here 🔜 😈🫴🏽🎁 Remember, patience is 🔑.
0
Reply
Disclaimer: The news articles available on this platform are generated in whole or in part by artificial intelligence and may not have been reviewed or fact checked by human editors. While we make reasonable efforts to ensure the quality and accuracy of the content, we make no representations or warranties, express or implied, as to the truthfulness, reliability, completeness, or timeliness of any information provided. It is your sole responsibility to independently verify any facts, statements, or claims prior to acting upon them. Ainvest Fintech Inc expressly disclaims all liability for any loss, damage, or harm arising from the use of or reliance on AI-generated content, including but not limited to direct, indirect, incidental, or consequential damages.
You Can Understand News Better with AI.
Whats the News impact on stock market?
Its impact is
fork
logo
AInvest
Aime Coplilot
Invest Smarter With AI Power.
Open App