Market Overview

Apple Just Dethroned Xiaomi As The Top Smartphone Maker In China

Share:
Related AAPL
What Exactly Went Wrong With Samsung's Failed Note 7? We Will Find Out Very Soon
Skyworks Delivers Again In Q1, Extends One Of The Best Track Records On The Street
Apple Vs. Qualcomm: What's An Investor In Both To Do? (Seeking Alpha)
Related CHL
Fast Money Picks For July 29: Don't Chase Amazon
China Mobile Is Citi's Top Pick In China Telecom Space
Undervalued Stocks With Low P/E Ratios (GuruFocus)

Forbes on Monday reported that Apple Inc.(NASDAQ: AAPL)'s iPhone market share is declining nearly worldwide, except for one country: China.

Forbes cited Kantar Worldpanel ComTech's survey of smartphone sales and concluded that a rolling three-month period ending in February suggested that Apple's iPhone saw its market share decline for two months in a row in the U.S., Japan, Germany, Great Britain, Italy and Spain.

On the other hand, iPhone sales ticked higher in France.

Most notably, iPhone sales had a strong showing for the fourth month in a row in China.

Related Link: Apple Maps Appears To Have Ended Yelp Exclusivity; Tripadvisor, Booking.com Could Be Big Winners

Apple grew its market share in China from 17.9 percent a year ago to 27.6 percent. By taking the No. 1 spot in China, Apple has dethroned Beijing-based smartphone maker Xiaomi Inc.

"There has been a strong appetite for Apple's products in urban China seen since the launch of the iPhone 6 and 6 Plus and this has continued into Chinese New Year," Kantar analyst Carolina Milanesi noted.

"China Mobile Ltd. (NYSE: CHL) subscribers accounted for 59% of the 27.6% volume share recorded by iOS in the latest period."

Posted-In: Apple China Carolina Milanesi Forbes iPhone China Kantar Worldpanel ComTech smartphoneNews Tech

 

Related Articles (AAPL + CHL)

View Comments and Join the Discussion!