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Apple's iPhone sales in China increased 8% year-over-year in the second quarter, marking the first positive growth in the region since 2023, according to Counterpoint Research. Sales benefited from strategic discounts during May promotions and elevated trade-in values in the lead-up to China's annual 618 shopping festival, CNBC reported. President Donald Trump threatened Apple with tariffs and pushed for U.S.-based iPhone manufacturing, a move experts view as nearly impossible. Apple's China challenges intensified in late 2023 as Huawei rebounded with an advanced-chip smartphone, previously believed to be beyond China's capabilities. Apple remains in third place in market share, behind Huawei, whose aggressive comeback and 12% sales increase have challenged Apple's dominance. Huawei's continued consumer loyalty in China further complicates Apple's competitive landscape.
Transcript
00:00It's Benzinga, bringing Wall Street to Main Street.
00:02Apple's iPhone sales in China increased 8% year-over-year in the second quarter,
00:06marking the first positive growth in the region since 2023, according to CounterPoint Research.
00:11Sales benefited from strategic discounts during May promotions
00:14and elevated traded values leading up to China's annual 618 shopping festival.
00:18CNBC reported President Donald Trump threatened Apple with tariffs and push for U.S.-based
00:23iPhone manufacturing, whom experts view as nearly impossible.
00:26Apple's China challenges intensified in late 2023 as Huawei rebounded with an advanced
00:32chip smartphone, previously believed to be beyond China's capabilities.
00:36Apple remains third in market share behind Huawei, whose aggressive comeback and 12% sales
00:40increase have challenged Apple's dominance.
00:43Huawei's continued consumer loyalty in China further complicates Apple's competitive landscape.
00:47For all things money, visit Benzinga.com.

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