Apple’s iPhone sales in China collapsed last quarter, and it’s because they cost too much (AAPL)
|02/11/2019||Posted by BusinessMediaguide.Com under General World News||
- iPhone shipments in China dropped nearly 20% on an annual basis during the 4th quarter of 2018, according to a new estimate.
- Huawei shipments were up 23% during the same period, according to the report.
- Apple’s high iPhone prices hurt it in China, according to IDC, a market research firm.
- Apple missed its own revenue target during the quarter by about $7 billion, and attributed the miss to slow demand in China.