Sales of iPhones in China grew by 22% in October - the first month after the release of the iPhone 17 lineup - compared to the same period last year, Reuters writes, citing data from research company Counterpoint. This happened despite the general weakening of the smartphone market in the country, the agency notes.
The bulk of Apple's smartphone sales in China in the period from September 19, when the iPhone 17 was launched, provided just the new series of smartphones.
In contrast, Apple's smartphone sales in China fell by 5% in the first month after the launch of the iPhone 16 in September 2024, Reuters notes.
The Chinese smartphone market remained weak amid sluggish consumer demand, with sales falling 2.7% year-on-year in the third quarter, Counterpoint said. Weakening consumer demand was also indicated by the results of China's largest shopping festival, Double 11, which took place on November 11. Total sales across all platforms reached 1.695 trillion yuan (about $238 billion) this year, but growth slowed to 14.2% year-on-year from 26.6% a year ago. Against the backdrop of a slowing economy and a projected decline in retail sales growth to 2.8% in October (from 3% in September), Chinese consumers have noticeably tightened their approach to spending.
This article was AI-translated and verified by a human editor
