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Benzinga
218 days

Apple's iPhone Market Share Declines in China, Huawei and Xiaomi Gain Momentum in 2024: Counterpoint

1. Apple's iPhones struggled in China, impacting market share negatively. 2. Global smartphone sales grew 4% in 2024, signaling recovery from 2023 declines. 3. Apple's market share decreased to 18% as competition from domestic brands rises. 4. Apple's non-core markets, like Latin America, showed signs of growth. 5. Generative AI-capable smartphones are predicted to become mainstream by 2028.

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FAQ

Why Bearish?

Apple's declining market share in China can adversely affect overall sales.

How important is it?

Market shifts and competition in key regions like China are crucial for AAPL's future.

Why Short Term?

Immediate effects on Apple’s performance in 2024 may lead to market re-evaluations.

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