FILE PHOTO: A screen with an ad for the iPhone the 11, Pro is to see it outside of an Apple store in Beijing, China, October 31, 2019. REUTERS/Florence Lo
(Reuters) – Apple Inc’s iPhone shipments to China fell 35% in November, marking the second straight double-digit decline, as the sales of the cheaper iPhone, the 11 continued to be slow, real estate agents, Credit Suisse said on Thursday.
The company’s shares fell more than 1% 267.67 at the beginning of the trade.
Total iPhone shipments in China in the September-November period dropped by 7.4% from a year earlier, Credit Suisse analyst Matthew As saying, citing data from china’s Ministry of Industry and Information Technology.
The latest iPhone-the 11 series is to hit stores in China in September, and the short queues of die-hard fans, in sharp contrast to the hundreds who are camping out ahead of some of the previous launches. a little bit.m/2RM5DVc
As he also wrote that Apple would have a tough time pushing by using fee-based price increases in the U.S. consumer, as well as the 15% tariffs on billions of Chinese-made consumer goods, which entered into force on Dec. 15.
Apple has also requested the Home board, in order to the remission of the duties on China-made-Apple Watch, iPhone spare parts, and other consumer products. The President, Donald Trump said last month he was considering the request.
Apple’s market share in China slipped to 5% from 7% in the third quarter, while Huawei Technologies Co Ltd has been caught in a record 42% of the chinese smartphone market during the same period, according to a new report from market research firm Canalys, released in October this year.
In the last quarter, Apple reported a 2.4% drop in China sales.
Reporting Akanksha Rana, Bengaluru