Saifutdinova Venera

Venera Saifutdinova

Oninvest reporter
Apples share in China reached 25% for the first time since 2022 thanks to iPhone 17 sales

Every fourth smartphone sold in China in October was an iPhone, Bloomberg writes, citing data from the analytical company Counterpoint Research. Apple's share of the Chinese market reached 25% for the first time since 2022.

The launch of the iPhone 17 series has helped the US company grow sales in China by 37% year-on-year in October. Counterpoint estimates that sales of all new models - from the iPhone 17 for 5,999 yuan (about $850) to the 17 Pro Max for 8,999 yuan - showed double-digit growth relative to the previous iPhone 16 model. Overall, the iPhone 17 lineup now accounts for more than 80% of all Apple devices sold in China.

Apple's success spurred the entire sluggish Chinese smartphone market, which had remained stagnant even despite government subsidies, to growth - it added 8% in October, the agency wrote.

Although Huawei's sales, on the contrary, fell by 19%, the company remains Apple's main competitor in China. Huawei is preparing to launch a new flagship next week.

"There are still risks [to iPhone sales], especially with the release of the highly anticipated Huawei Mate 80 series on Nov. 25. But Apple's momentum is strong right now and there are no signs of a sharp weakening in demand yet," Counterpoint analyst Ivan Lam said.

This article was AI-translated and verified by a human editor

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