IDC: As Huawei grew 23% in China, Apple fell 20%

Photo of Steven M. Peters
By Steven M. Peters Updated Published
This post may contain links from our sponsors and affiliates, and Flywheel Publishing may receive compensation for actions taken through them.

From Reuters’ “Apple iPhone sales in China fell by a fifth in fourth quarter: IDC.”

Apple Inc iPhone sales in China fell 20 percent year-on-year in the fourth quarter of 2018, while sales for smartphones made by home-grown rival Huawei soared by 23 percent, data from industry research firm IDC showed on Monday.

The report is the first to put a firm number on the scale of a recent decline in Apple’s fortunes in the world’s second largest economy, after Chief Executive Officer Tim Cook pointed to China as a big factor in a rare cut in the company’s quarterly sales forecast last month.

My take: As long as a smartphone in China is just a vehicle for WeChat, Apple S versions aren’t going to cut it.

[apple-subscribe]

Contact [email protected] for any questions or corrections.

Photo of Steven M. Peters
About the Author Steven M. Peters →

Our $500K AI Portfolio

See us invest in our favorite AI stock ideas for free

Our Investment Portfolio

Continue Reading

Top Gaining Stocks

TTD Vol: 3,888,907
CAG Vol: 3,395,601
RCL Vol: 709,925
INTU Vol: 1,120,647
CTSH Vol: 1,711,226

Top Losing Stocks

CTRA Vol: 73,319,495
WDC Vol: 1,584,292
STX Vol: 962,759
LRCX Vol: 1,873,687
TDG Vol: 149,537