Apple's iPhone Market Share Declines in China, Huawei and Xiaomi Gain Momentum in 2024: Counterpoint
Smartphone giant Apple Inc’s (NASDAQ:AAPL) iPhones, minus their highly anticipated Apple Intelligence features, failed to gain traction in China, paving the way for the country’s domestic players in 2024. Counterpoint’s Tarun Pathak mentioned 2024 as a year of recovery and normalization after a difficult 2023. Global smartphone sales grew 4% in 2024 after two consecutive years of annual declines, Counterpoint cites preliminary data. Smartphone sales marked a decade low in 2023. Also Read: Nvidia