(AOF) – Apple (-0.94% to 189.51 dollars) shows the biggest drop in the Dow Jones index. In a growing Chinese smartphone market, iPhone sales fell 4% in volume year-on-year during China’s Singles’ Day, which runs from October 30 to November 12, according to data from the Chinese office. studies, Counterpoint Research. At the beginning of November, the technology group’s performance in China had cast a shadow over its fourth quarter results. Highly monitored, sales in China fell 2.5% to $15.08 billion over this period.
However, they were expected to increase by 10%, according to analysts surveyed by Bloomberg. In this country, the iPhone manufacturer faces a more hostile context, given the Sino-American technological cold war, and stronger competition than expected from Huawei.
According to Counterpoint Research, during China Singles’ Day, the Chinese smartphone market grew by 5%, supported by the strong performance of its local competitors Huawei, Xiaomi and Honor. They recorded increases of 66%, 28% and 11% respectively.
“Apple is improving compared to last month, but it seems that there are still supply problems,” observes Ivan Lam, senior analyst for the manufacturing industry. “However, given that last November’s supply problem was an anomaly, annual figures may turn positive as supply normalizes.”
“Huawei’s success and rise in the rankings has been driven by the recent launch of its Mate 60 series 5G phones and the popularity of its older P series 4G devices,” said Mengmeng Zhang, senior analyst for China.
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