While just a three-week snapshot, the data suggests Apple’s 2024 launch is faring better than last year’s. Production issues hampered the iPhone 15 family early on, which may have constrained initial sales, Counterpoint analyst Ivan Lam said. Apple’s marquee device also faced a stiff challenge from Huawei Technologies Co.’s Mate 60 series, which won over local consumers with a made-in-China processor. That device continues to sell well, according to Lam.
“Given the smooth production ramp-up, consistent pricing strategy, and the initial wave of upgrades by existing iPhone users, the iPhone 16 series has experienced substantial growth in the Chinese domestic market,” Lam said. “The product mix has also improved markedly…Read More.
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