CHINA IPHONE SALES
AI smartphone sales likely to be dull in India in 2024
AI-capable smartphones are projected to constitute only 4-5 per cent of the 152-156 million total smartphone shipments in India this year. Global estimates suggest they will make up 17 per cent of 1.2 billion handsets by 2024. Market experts view smartphones as an ideal platform for AI accessibility due to advancing hardware and software capabilities. However, high prices, starting at $600, may impede widespread adoption in India compared to other markets like China, South Korea, and Japan.
Apple's iPhone shipments in China surge 40% in May amid aggressive discounting
Shipments of foreign-branded phones in China increased by 1.425 million in May to 5.028 million units from 3.603 million a year earlier，calculations based on the data from the China Academy of Information and Communications Technology (CAICT) showed.
More worries for China, sales at big e-commerce festival drop for first time
This year the shopping festival failed to stir up much excitement among shoppers, industry experts said, even as major platforms extended offers to a weeks-long period to woo consumers who have been tightening their belts amid a gloomy economic outlook.
Nasdaq closes above 17,000; S&P 500 slightly higher, Dow down
Nasdaq crossed 17,000 for the first time boosted by Nvidia, while S&P 500 closed higher and Dow lower as Treasury yields rose.
Apple's iPhone sales in China jump 52% in April, data shows
Apple's iPhone sales in China surged 52% in April compared to the previous year, rebounding from earlier weak performance amid high-end market competition from Huawei. March saw a 12% increase following a 37% sales slump in early 2024. Overall smartphone sales in China rose 25.5% to 22.7 million units in April.
Apple slashes iPhone prices in China amid fierce Huawei competition
Apple has launched a significant discounting campaign on its official Tmall site in China, offering up to 2,300 yuan ($318) off select iPhone models from May 20 to May 28. This move aims to bolster its position in the high-end smartphone market amid rising competition from local brands like Huawei. The current discounts are much larger than those in February, where the highest discount was 1,150 yuan.
- Go To Page 1
Apple set to release slimmer iPhone in 2025, the Information reports
The potential thinner version is likely to be priced higher than Apple's iPhone Pro Max, and is expected to be launched with the iPhone 17 in September 2025, the report said.
International calls for iPhones made in India ring louder; Apple may hit Rs 1 lakh cr export mark in FY25
Apple exports a bulk of its total India production. In FY24, Apple’s total production in India touched $14 billion (Rs 1.2 lakh crore). The company’s exports crossed $10 billion (Rs 85,000 crore). Both these figures were the highest achieved by any company in India till date for a single financial year.
For phones, Indians think China again
Chinese smartphone brands, including Xiaomi, Vivo, Oppo, Realme, Transsion, and Motorola, have seen their cumulative market share rise to 75% in the March quarter, despite government scrutiny. This growth is attributed to a shipment rebound by top brands like Xiaomi and Vivo after a few tepid quarters in 2023 due to low demand and inventory bottlenecks. Smaller brands like Motorola and Transsion have also expanded their footprint in the market.
Apple logs record India sales amid global slide
iPhone shipments jumped 19-20% in the March quarter as compared to a year before, according to IDC India, with over half of the shipments coming from iPhone 15 and iPhone 14 models. The India region became Apple's fourth largest market for iPhones in Q1 2024, from sixth largest in Q1 2023, according to research firm TechInsights, which said shipments grew 24% on year in India, registering its highest ever Q1 shipment, driven by discounts and promotions during the Republic Day period.
Apple sets revenue records in India amidst overall slump, says CEO Tim Cook
“We did grow strong by double-digit, and so we were very, very pleased with that. It was a new March quarter revenue record for us. As you know, as I’ve said before, I see it as an incredibly exciting market and it’s a major focus for us.” Cook said, commenting on India market performance during the company’s earnings call Friday.
Apple sales fall less than expected, CEO sees return to growth
Apple increased its cash dividend by 4% and authorized an additional program to buy back $110 billion of its stock. The buyback is the largest in the company's history, according to Investing.com analyst Thomas Monteiro.
How China's iPhone killer has sharpened its knife
Huawei's technological advancements and market dominance has posed a significant threat to Apple's iPhone in China. Despite US sanctions, Huawei's innovative high-end phones like the Mate 60 series continue to outperform Apple, leading to a decline in Apple's market share.
A year on, Apple’s India stores emerge among its best globally
Apple's two company-owned stores in India have achieved significant revenue, each generating between Rs 190-210 crore last fiscal year. The stores, located in Mumbai and New Delhi, have consistently achieved monthly sales of Rs 16-17 crore each since their launch. Apple is now aggressively looking for space to open three more company-owned stores in Pune, Bengaluru, and Noida. The stores have become popular destinations for customers to experience Apple products and receive expert advice, contributing to the company's growth in India's smartphone market.
Tesla woos China customers with cheaper cars after Musk defers India visit
Tesla Inc. has reduced vehicle prices in China amidst stiff competition. Tesla had earlier introduced incentives in China to attract consumers, countering competition from BYD. Musk meanwhile deferred his India visit, which was aimed to tap into a new market amid declining sales and stock prices.
India harvest helps Apple offset global shipment drought
iPhone shipments in India, the world's second largest smartphone market, rose to 2.5 million units in the March quarter from 1.8 million units a year earlier, according to industry estimates.
Neighbour's envy: Apple is building a 'home' for itself in India
Apple to make homes in India: Apple is strengthening its presence in India by investing in employee housing through its suppliers like Foxconn, Tata, and Salcomp. This move shows Apple's commitment to India and mirrors its successful housing model in China. As Apple expands its roots in India, it poses a challenge to China's dominance in electronics exports.
Why iPhone is no more the Apple of China's eyes
iPhone's China shipments have been declining for three straight months, as per a report by Bloomberg, with February sales down a staggering 33% compared to last year. This follows a 39% drop in January and a 30% decline in December. According to the report, some analysts predict this downward trend will continue throughout 2024, deepening the 24% decline Apple experienced in 2023.
Tim Cook’s love for China helps Xi fight fears of economic slump
Days after he opened an expansive new retail store in Shanghai and pledged a fresh investment in applied research in the country, Apple Inc. Chief Executive Tim Cook on Sunday gushed, “I love it here, I love the Chinese people.”
Has China lost its taste for the iPhone?
Evidence is mounting that, for many in China, the iPhone no longer holds the appeal it used to. During the first six weeks of the year, historically a peak season for Chinese shoppers to spring for a new phone, iPhone sales fell 24% from a year earlier, according to Counterpoint Research, which analyzes the smartphone market.
Apple's CEO Cook opens new store in Shanghai
Cook, who arrived in Shanghai on Wednesday, opened the store's doors and flashed a victory sign with his fingers before greeting the first few customers who had started waiting outside the day before.
Apple boss Tim Cook visits Shanghai, with China sales under pressure
Tim Cook visits Shanghai, walks with Zheng Kai, plans undisclosed. New store opening Thursday amid falling iPhone sales, Huawei competition. Cook visited Beijing, China Development Forum. Apple's third-largest market.
Apple reaches $490 million settlement over China comments
Shareholders criticized Apple executives, in particular CEO Tim Cook, for stating in November 2018 that the company's business remained buoyant in China, even though it was slowing down.
Apple's iPhone sales in China plunge 24% as Huawei's popularity surges
The U.S. 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 U.S. company, whose revenue forecast for the current quarter was $6 billion below Wall Street expectations.
Apple set to hit sweet spot with Rs 70,000-crore India sales
Analysts said the pace of expansion may slow in the next few years but will remain in the high double digits. The data cited refer to domestic sales, with iPhones accounting for 90-92% of sales. iPhone exports are not accounted for in Apple India’s books since these are global deals and the local unit is a sales entity.
Apple iPhone target is billions short of Wall Street's as China sales lag
The results confirmed some analysts' concerns that the company's signature product is losing ground in the key Asian market where consumers are buying foldable phones and phones from Huawei, powered by a China-made chip.
Apple China sales lag overshadows quarterly profit, revenue beats
Apple reported China sales that missed Wall Street targets; Apple's total installed base of devices hit 2.2 billion; iPhone sales in mainland China were down mid-single digits; Apple's sales in China were $20.82 billion; Apple's wearables segment fell to $11.95 billion.
Apple set for modest iPhone sales growth, China worries remain
Wall Street expects the company's latest flagship iPhone 15 to face stiff competition from Samsung's new Galaxy S24 packed with generative artificial intelligence features and a Huawei phone powered by a China-made chip.
iPhone supplier Murata targets China budget smartphone makers
Murata, a leading supplier of ceramic capacitors, sees the smartphone market growing 5% in the year ending March 2025, aided by demand for mid- and low-end handsets in places such as India, Africa and Southeast Asia.
Load More
