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Wednesday, 05/15/2019 12:15:28 PM

Wednesday, May 15, 2019 12:15:28 PM

Post# of 147082
Apple sales have drastically dropped in China as consumers there opt for cheaper cellphones. China generates 25% of all Apple's profits and is the company's second-largest market. Over time it was expected to eventually become the company's single biggest market.

But China is also Apple's biggest problem right now. The company is in freefall in China, with declining sales and loss of market share to local smartphone competitors like Huawei, OPPO, and Vivo. The iPhone has only a 14% share of the China market, according to research firm Gartner.

According to Bernstein analysts Toni Sacconaghi Jr. and Daniel Chen, iPhone sales have dropped 20% in China.

"Apple's recent weakness in China has largely been due to iPhone.
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