Is the iPhone not fragrant anymore? Sales plummet by 30%, domestic mobile phones compete for the Chinese market
忧郁草民乜
发表于 2024-1-9 19:38:52
1244
0
0
In the Chinese market, Apple phone users are shifting towards domestic phone brands.
On January 9th, Beijing time, according to Reuters, analysts from investment bank Jefferies pointed out in their latest report that in the first week of 2024, sales of iPhones in the Chinese market significantly decreased by 30% compared to the same period last year, due to fierce competition from local Chinese brands, especially Huawei's strong return to the high-end market after the release of the Mate 60 series in August last year.
The report points out that although the new models of Apple's iPhone 15 series have lowered prices on multiple e-commerce platforms, their sales are still significantly declining. Among them, on the Pinduoduo platform, the price reduction of this series is as high as 16%. Jefferies analysts believe that in the Chinese market, Apple's year-on-year decline in 2023 was 3%, which is equivalent to a 0.4% decrease in Apple's market share.
On one hand, there is Apple's declining market share, while on the other hand, Chinese mobile phone brands are competing to capture Apple's high-end market. From the market share rankings in recent months, although Apple still ranks among the top, its market share and sales have been decreasing year-on-year. According to data from market research firm BCI, in November last year, in the high-end smartphone market priced above 4000 yuan, Apple still ranked first, occupying more than half of the market share. Huawei, ranked second, accounted for 22.3%, while Xiaomi, ranked third with 14.4%. However, Apple fell by 21.2% year-on-year, while Huawei and Xiaomi rose by 8.8% and 11.8% respectively.
Based on the data of the Chinese mobile phone market in the third quarter of 2023, according to IDC, although a new iPhone 15 series was released during the third quarter of last year, the market response was lower than expected. Apple's market share in the third quarter was 16.0%, a year-on-year decrease of 4.0%, ranking third. In contrast, other domestic brands have seen varying degrees of year-on-year slight increase in market share. This also means that in the high-end mobile phone market in China, Apple users are shifting towards domestic mobile phone brands.
The related emotions are also transmitted to the capital market. Entering 2024, securities firms have been bearish on Apple, with Apple receiving the least bullish rating among large technology stocks, citing reasons such as declining revenue, concerns about future iPhone sales, and the revival of competitors.
Last week, Apple's stock rating was also downgraded twice. Securities firm Barclays Bank has downgraded Apple's stock rating from "neutral" to "underweight" and lowered its target price for the next 12 months to $160. On Thursday, Piper Sandler also lowered its rating on Apple due to concerns about poor demand for iPhones in the future.
This also led to a continuous decline in Apple's stock price in the first trading week of the new year. The data shows that its cumulative decline has reached 5.9%, and its market value has evaporated by over 177 billion US dollars. On the first trading day of the New Year, it plummeted by 4%, reaching a seven week low, and its market value evaporated by over 100 billion US dollars. As of the close of January 8th Eastern Time, it has dropped to $2.82 trillion, a decrease of up to 9%.
CandyLake.com 系信息发布平台,仅提供信息存储空间服务。
声明:该文观点仅代表作者本人,本文不代表CandyLake.com立场,且不构成建议,请谨慎对待。
声明:该文观点仅代表作者本人,本文不代表CandyLake.com立场,且不构成建议,请谨慎对待。
猜你喜欢
- Coca Cola's third quarter revenue was $11.9 billion, and it reiterated its commitment to continue investing in the Chinese market
- Coca Cola achieved a revenue of $11.854 billion in the third quarter and will continue to invest in the Chinese market
- Ideal Auto sold 11400 units last week
- In the first 10 months, the sales of new energy increased by 106% year-on-year. SAIC General Motors sounded the horn of year-end sprint
- Ford: China market contributes over $600 million in pre tax profit
- Xu Min, Chairman of Procter&Gamble Greater China: Full of long-term confidence and strategic determination in the Chinese market
- Ideal Auto sold 11700 units last week
- CEO of Johnson Controls Asia Pacific, Lang Zhiwen: Localization is not copying blindly, it needs to meet the actual needs of the Chinese market
- A car blogger hinted at ideal sales fraud and was sentenced to apology and compensation
- A car blogger hinted at ideal sales fraud and was sentenced to apology and compensation
-
【いい日が来る?米科学技術企業は首を長くして待っている:トランプ2.0は監督管理を減らすことが重要になる】トランプ氏が総選挙に勝利したことに伴い、多くの米科学技術会社幹部は喜んでいる。トランプ氏が勝利し ...
- 内托体头
- 前天 12:51
- 支持
- 反对
- 回复
- 收藏
-
アリババは、26億5000万ドルのドル建て優先無担保手形と170億元の人民元建て優先無担保手形の定価を発表した。ドル債の発行は2024年11月26日に終了する予定です。人民元債券の発行は2024年11月28日に終了する予定だ ...
- SOGO
- 6 小时前
- 支持
- 反对
- 回复
- 收藏
-
11月18日、グーグルクラウド(Google Cloud)は、尹世明氏が大中華区総裁にグーグルクラウドに加入したと発表した。グーグルクラウドに加入する前は、マイクロアライアンスの最高経営責任者、百度グループの副総裁 ...
- 内托体头
- 前天 12:06
- 支持
- 反对
- 回复
- 收藏
-
米東時間11月18日、米株終値は反落し、ダウ平均は3営業日連続で下落した。ナスダック・金龍中国指数は上昇した。米株BAKTは162.37%上昇し、盤中5回の溶断メカニズムをトリガした。 大口商品では、WTI原油価格が上昇 ...
- 就放荡不羁就h
- 昨天 09:18
- 支持
- 反对
- 回复
- 收藏