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Apple is losing the battle on both fronts
China
The IDC is just out with some smartphone stats:
- China smartphone shipments up 3.3% in Q1 (solid sign of growth)
- Huawei China sales +10%
- Apple China sales -9%
- Xiaomi was the top vendor with 18.6% share, followed by Huawei and Oppo with 18% and 15.7%, respectively
An iPhone was a status symbol for years in China but it appears the consumer is shifting to domestic preference.
Meanwhile, tariffs on China threaten to crush Apple's margins in the United States.
Source: Forex Live
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