Foreign phone sales plunge 47% in China spelling trouble for Apple

Core Insights - Sales of foreign phone brands in China experienced a significant decline in November, indicating increased pressure on Apple, the leading international handset vendor in the country [1][2] - Foreign mobile phone shipments in China totaled 3.04 million units in November, reflecting a 47.4% decrease compared to November 2022 and a 51% drop from October 2022 [1] Company Analysis - Apple dominates the foreign mobile phone market in China, holding the majority of shipments, while competitors like Samsung represent only a small fraction of the market [2]