Business News of Friday, 18 October 2024
Source: reuters.com
Apple's new iPhones have experienced a strong launch in China, with sales rising 20% in the first three weeks compared to the 2023 model, according to Counterpoint.
The iPhone 16 Pro and Pro Max models performed particularly well, seeing a 44% increase in combined sales.
However, overall iPhone unit sales in China declined by 2% year-on-year during this period due to weaker sales of older models and intensified competition from Huawei's Mate and Pura series, which launched on September 20 alongside Apple's devices.