The report claims that Apple is facing stiff competition in China from Chinese companies

iPhone China sales slide as Huawei soars, report says. Apple phone sales fell 24% in the first six weeks of the year, Counterpoint says. iPhone sales in China dropped 24% over the past six weeks, according to Counterpoint. Apple's iPhone sales also fell in China over the last six weeks.

Analyst firm Counterpoint Research said iPhone sales dropped 24% in the first six weeks of 2024. Apple faced stiff competition from local smartphone firms. Apple iPhone sales plunged 24% as Huawei smartphone business resurges, report says. Counterpoint: iPhone sales in China dropped by 24% over the past six weeks.

A clear takeaway from the Biden-Xi summit is that American restrictions on sales of high-end tech to China will not be going away. Huawei is giving Apple stiff competition in China. American restrictions will not go away, but Huawei is one of the key suppliers to watch.

Apple's stock market valuation has fallen by almost $200bn in the last two days. The technology giant's share price has fallen almost $2bn in value in the past two days. Apple's iPhone sales have fallen by more than $1bn in China alone.

Washington Post alleges marketing slides reveal firm had a role in developing technology for China