Things are getting heated in the smartphone market. With Huawei’s recovery, the competition will increase a little more. China chose the iPhone. Of course, this situation raises alarm bells for Huawei. China lost power to Apple at home. But things can change at any time. Here are the details…
The Apple-Huawei race is getting hotter in the last quarter!
Apple said Thursday that demand for iPhones in China is strong. With this statement, Apple tried to reassure investors who are worried that it is losing ground to the resurgent Huawei Technologies and other local smartphone manufacturers.
“In mainland China, we set a quarterly record for iPhone in the September quarter. We had four of the five best-selling smartphones in urban China,” Apple Chief Executive Tim Cook said in an interview. He announced his success to the whole world.
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Tim Cook held a conference call to evaluate this situation. They mentioned in the conference call that Apple’s overall smartphone market has shrunk. However, Cook mentioned that it appeared to have gained a large market share in China in the July-September period, even though the market had contracted.
Cook pointed out that there was one week less sales in this year’s quarter than in the previous year. But even so, he said the company expects to sell more iPhones in the holiday quarter. Additionally, analysts predict that this situation is due to economic fluctuations. They think this is why consumers buy fewer smartphones. But now it’s time for the balance to change. The market is recovering quickly.
Additionally, analysts pointed out that an overall recovery in the smartphone market is gaining momentum. He said they remain optimistic about Apple’s demand outlook in China in the fourth quarter as there are signs that it is gaining momentum.
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