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In October 2021, The Economist advised in an opinion article that Chinese tech giant Huawei should dissolve so its talented engineers could leave to become the next generation of high-tech entrepreneurs. At the time, the logic seemed sound.
Apple's iPhone sales dropped sharply in China in the first quarter of this year as the company saw strong competition from domestic brand Huawei, according to a new report from market research firm Counterpoint Research.
Apple iPhone shipments plunged nearly 10% globally in the first quarter of 2024, pressured by double-digit growth in shipments by Chinese challengers Xiaomi and Transsion, a report from International Data Corporation showed.
Sales of Apple's iPhone plunged in China in the first six weeks of 2024, according to a Counterpoint Research report.
When Apple announced the iPhone in 2007, Steve Jobs called it a "revolutionary product" in a handset category that he said needed to be reinvented.