Apple's sales in China declined significantly in the last quarter due to economic factors and increased competition from local brands. The slowing Chinese economy has reduced consumer spending power and Chinese consumers are choosing cheaper alternatives from local brands like Huawei, Oppo, Vivo and Xiaomi. While the economy is a major factor, Apple also faces an uphill battle to win back market share in China from dominant local brands with strong brand loyalty and competitive pricing.
Apple's sales in China declined significantly in the last quarter due to economic factors and increased competition from local brands. The slowing Chinese economy has reduced consumer spending power and Chinese consumers are choosing cheaper alternatives from local brands like Huawei, Oppo, Vivo and Xiaomi. While the economy is a major factor, Apple also faces an uphill battle to win back market share in China from dominant local brands with strong brand loyalty and competitive pricing.
Apple's sales in China declined significantly in the last quarter due to economic factors and increased competition from local brands. The slowing Chinese economy has reduced consumer spending power and Chinese consumers are choosing cheaper alternatives from local brands like Huawei, Oppo, Vivo and Xiaomi. While the economy is a major factor, Apple also faces an uphill battle to win back market share in China from dominant local brands with strong brand loyalty and competitive pricing.