China's Xiaomi, Realme, Honor Gained Market Share At Apple's Expense Following US Sanctions On Russia - Here's How - Samsung Electronics Co (OTC:SSNLF), Apple (NASDAQ:AAPL), Xiaomi (OTC:XIACY)

China saw a significant market share jump in the Russian smartphone market in May as manufacturers like Apple Inc (NASDAQ:AAPL) and Samsung Electronics Co, Ltd (OTC:SSNLF) paused new sales in the country following its Ukraine invasion, Reuters reports.
Chinese manufacturers Xiaomi Corp (OTC:XIACY), Realme, and Honor accounted for 42% of Russia's smartphone sales in May 2022, up from 28% in May 2021.
Also Read: US Warns China Against Helping Russia In Ukraine War
Samsung saw 14% of devices sold versus 28% last year. Apple's share dropped to 9% from 12%.
Russia's smartphone sales were down 26% Y/Y due to Western sanctions and supply chain disruptions. Interestingly, Apple had no stores in Russia and sold via third-party websites and partners/vendors.
Price Action: AAPL shares traded lower by 1.09% at $146.34 on the last check Thursday.

China's Xiaomi, Realme, Honor Gained Market Share At Apple's Expense Following US Sanctions On Russia - Here's How