Apple Inc.’s Chinese smartphone shipments plummeted an estimated 20% in 2018’s final quarter, underscoring the scale of the iPhone maker’s retreat in the world’s

Apple iPhone shipments dive in China :Bloomberg

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Apple Inc.’s Chinese smartphone shipments plummeted an estimated 20% in 2018’s final quarter, underscoring the scale of the iPhone maker’s retreat in the world’s largest mobile device arena against local rivals like Huawei Technologies Co. The domestic market contracted 9.7% in the quarter, but Apple (AAPL) declined at about twice that pace, research firm IDC said in a report on Monday. Read More

Scattering Chinese interest aggravates the issues at Apple, which is attempting to convey on another hit gadget as its marquee contraption loses a portion of its cachet. Income from the iPhone slid 15 percent in the October to December period. To make up for the misfortune, Apple is attempting to supplant telephone deals with income from administrations.

CEO Tim Cook has considered China to be a key piece of Apple's technique: last monetary year the organization created nearly $52 billion in income from Greater China, a locale that incorporates Hong Kong. Be that as it may, with the nation declaring its slowest monetary development since 2009, Apple said its business fell 27 percent in the occasion quarter.

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China was key to the renewal of consistent iPhone growth during 2017. Kantar reports that iPhone market share fell from 25.3% in November of 2015 to 19.9%. By March of 2017 iPhone market share in China had tumbled to just 12.4%. That would mark the nadir of iPhone market share. Fast forward to today, and iPhone market share has steadily improved back to approximately 20%.

About APPLE

raded in other countries: AAPL.ArgentinaAAPL.AustriaAAPL34.BrazilAAPL.ChileAPC.GermanyAAPL.ItalyAAPL.MexicoAAPL.Switzerland0JQ4.UK,
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Apple Inc is designs, manufactures and markets mobile communication and media devices and personal computers, and sells a variety of related software, services, accessories, networking solutions and third-party digital content and applications.

Apple designs consumer electronic devices, including smartphones (iPhone), tablets (iPad), PCs (Mac), smartwatches (Watch), and TV boxes (Apple TV), as well as a variety of services such as Apple Music, iCloud, and Apple Pay. Apple's products run internally developed software, and we believe this integration of hardware, software, and services often allows the firm to maintain premium pricing for its devices. Apple's products are distributed online as well as through company-owned stores and third-party retailers.

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