Apple iPhone sales slump 24% in China, fanning fears of a slowdown

Apple’s iPhone sales in China fell 24% year-on-year in the first six weeks of 2024, according to research firm Counterpoint, as the company faced increased competition from domestic rivals such as Huawei.The tech giant’s chief competitor in China in premium smartphones, Huawei, saw unit sales rise by 64% in the period, according to the report.This could fan fears of a slowdown in demand for the company, whose revenue forecast for the current quarter was $6 billion below Wall Street expectations.Counterpoint ...