Apple iPhone sales down in China in May: Report

Advertisement
Apple iPhone sales down in China in May: Report
San Francisco, June 24 (IANS) After an initial rebound, the iPhone sales plummeted in China in May as Apple reopened retails stores in the country after the Covid-19 pandemic.
Advertisement

According to CNBC, Apple sold 3.6 million iPhones in China in May, down from 3.9 million in April.

That's a 7.7 per cent fall versus April, according to Shanghai-based CINNO Research, the report said on Tuesday.

Complimentary Tech Event
Transform talent with learning that works
Capability development is critical for businesses who want to push the envelope of innovation.Discover how business leaders are strategizing around building talent capabilities and empowering employee transformation.Know More
However, spending on App Store and other Services grew in May for Apple.

In April, Apple reported 71 per cent revenue growth in China during the preceding quarter.

Advertisement

With this, China overtook Europe to become Apple's second largest market only to the US.

The company also reported quarterly sales of the iPhone in China at 61 million units in the March quarter, exceeding sales in the US.

Apple CEO Tim Cook said in May that China would be Apple's largest market within two years and that the number of Apple stores in China would almost double to 40 within that time frame.

Chine smartphone market underwent its highest decline in the January-March period due to the impact of coronavirus pandemic and Huawei was the only smartphone player that achieved positive growth (year-on-year).

Smartphone sales in China fell by 22 per cent (YoY) and 24 per cent (quarter-on-quarter) in Q1 2020, according to Counterpoint Research.

Advertisement
Apple and Huawei managed to increase market share from the same period last year, clearly out-performing the overall market in Q1 2020.

--IANS

na/
{{}}

(This story has not been edited by Business Insider and is auto-generated from a syndicated feed we subscribe to.)