Apple Defies China Smartphone Slump With Fastest Growth
Smartphone players such as Huawei, Apple Inc. (NASDAQ:AAPL), OPPO, vivo, HONOR, and Xiaomi Corp. (OTC:XIACY) (OTC:XIACF) are navigating a challenging market, as Counterpoint Research highlights shifting performance and cost pressures across China's smartphone industry.
Shipments Decline As Costs Rise
Counterpoint Research reported on Friday that China's smartphone shipments fell 4% year-over-year in the first quarter of 2026, driven by weak demand, a high base from last year's subsidies, and rising component costs.
Senior analyst Ivan Lam said higher memory prices limited the impact of promotions and pushed up retail prices for both existing and new devices.
He added that elevated costs are expected to keep the market ...
Source: Benzinga