China is its most important international sales market and largest manufacturing base globally. Even so, the iPhone maker is already facing headwinds there. Weak consumption spending has weighed on sales, while competition with homegrown rivals has intensified. Beijing has also limited the use of iPhones by state employees.
On Thursday, Huawei began sales of a new high-end smartphone lineup, Pura 70, which industry analysts expect would further eat away iPhones’ market share in China. Counterpoint Research forecasts Huawei’s smartphone sales in China to grow 39% this year…Read More