Jeffery Investment Bank: Apple iPhone China Weekly sales drop 27%, highlight or change slot

Phoenix New Media Technology News Beijing time October 31 news, the U. S. investment bank Jeffery released a report that the rapid decline in weekly sales of iPhone in China, which may indicate that Apple will face greater challenges. Prior to this, iPhone sales remained basically resilient in the global economic downturn.

Apple's iPhone sales in china plunged 27% in the week starting October 24, the third consecutive week of decline and a growing decline, Jeffery said in a research report. Even considering the early launch of iPhone 14 this year, this negative trend persists and is worse than the recent decline in sales by Android competitors, Jeffery analysts such as Edison Lee wrote in the report.

Sales of iPhone in China rose 5.7 per cent in the three months to September, while sales of Android phones fell 15.2 per cent, Mr Li said. Jefferies analysts expect that to change in the past month, with Apple's market share in China likely to fall by 4 to 5 percentage points.

"although iPhone used to be a bright spot, it has become less glamorous, and recent data suggest it has the potential to be the worst," Li wrote. "this is a gradual negative trend for the smartphone market, but it is particularly worrying for the iPhone supply chain."