Apple Smartphone Sales Decline Sharply in China, says Analyst Report
Market Intelligence Company Canalys has demoted Apple Smartphone sales in China as a part of "Others category" sharply in contrast from the 2015 peak where its market share was somewhere between 40-50% range in Urban China.
Many noted analysts have expressed concern over Apple's plunge in Chinese market including Katy Huberty of Morgan Stanley predicting it as ‘continued weakness in China'. She predicts that the iPhone maker's market share in China might be as low as 18%.
"Apple has always been limited to targeting customers in the so-called Tier 1 and Tier 2 cities- larger urban areas with a relatively well-off population.The Cupertino company’s problem in China is two-fold", says the analyst.
From a broader perspective, China's current population today st...