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☆ Apple iPhones sales fall 24% in China amid competition and headwinds
  + stars: | 2024-03-05 | by ( Samantha Murphy Kelly | ) edition.cnn.com   time to read: +3 min
Analysts from Counterpoint Research said the overall mobile market in China fell by 7% with companies including Apple, Oppo and Vivo experiencing declines. Customers that once would have considered Apple are now turning to national brands, particularly Huawei, Counterpoint said. The stock has fallen about 11.6% this year on concerns about weakening sales, particularly in China. China remains a very important market for Apple as it is the largest market behind the US. “Apple, to its credit, ended the year at number one, which was extraordinary despite headwinds from China,” he said.
Persons: “, ” Mengmeng Zhang, Huawei’s, they’ve, Jeff Fieldhack, Apple, ”, Fieldhack, CNN’s Krystal Hur Organizations: CNN, Apple, Counterpoint Research, Huawei, Counterpoint Locations: China, United States
☆ iPhone 15 sales look like they're starting off slow in China ahead of a critical holiday season
  + stars: | 2023-10-18 | by ( Kif Leswing | ) www.cnbc.com   time to read: +2 min
A month after Apple's latest iPhones came out, analysts and investors are starting to see signs of slow demand in China versus last year's models. Sales of Apple's iPhone 15 models in their first 17 days are down 4.5% in China versus last year, according to an estimate from Counterpoint Research. Jeffries analysts say "weak demand" in China has knocked Apple off the top spot for smartphone market share in the country. It's a tough smartphone market for everyone. "Apple, we suspect, could be down five-ish percent — and the China market is down at least 5%," Counterpoint research director Jeff Fieldhack told CNBC.
Persons: Jeffries, fretting, iPhones, Tim Cook, Apple, Jeff Fieldhack Organizations: Counterpoint Research, Max, Wall Street, Apple, Huawei, CNBC Locations: Shanghai, China, North America, Europe
☆ iPhone 15 demand dips in China, analysts say
  + stars: | 2023-10-16 | by ( Samantha Murphy Kelly | ) edition.cnn.com   time to read: +2 min
CNN —Demand for Apple’s new iPhone 15 lineup is weaker in China than for last year’s models, according to analysts. Sales for the iPhone 15 are down 4.5% in China compared to iPhone 14 sales in the first two weeks after its launch, according to Counterpoint Research. Separately, Bloomberg reported on Monday financial firm Jefferies said iPhone 15 sales dropped by a double-digit percentage following strong customer demand for Huawei’s new Mate 60 smartphone line. That’s strong growth for Apple considering sales fell for the third consecutive quarter in August, ahead of the iPhone 15 launch. In September, the US government sought more information about the Mate 60 Pro’s 5G Kirin 9000s processor reportedly developed specifically for the manufacturer.
Persons: Jefferies, they’ve, ” Jeff Fieldhack, Fieldhack, Apple, ” Organizations: CNN, Research, Bloomberg, Huawei, Apple, Kirin Locations: China, United States
☆ Positivity of Apple's latest figures bucks trend, says analyst
  + stars: | 2023-05-05 | by ( ) www.cnbc.com   time to read: 1 min
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailPositivity of Apple's latest figures bucks trend, says analystJeff Fieldhack, research director at Counterpoint Technology Research, discusses Apple's earnings, and explains why revenues have decreased despite China's reopening.
☆ Apple is leading in the 5G race, says research firm
  + stars: | 2023-02-28 | by ( ) www.cnbc.com   time to read: 1 min
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailApple is leading in the 5G race, says research firmJeff Fieldhack of Counterpoint Research says Apple is expected to be one of the few original equipment manufacturers to grow this year, along with Honor and potentially OnePlus.
☆ Apple will 'take years' to diversify away from China, says Counterpoint Research
  + stars: | 2022-11-10 | by ( Sheila Chiang | ) www.cnbc.com   time to read: +3 min
A display of iPhone 14 smartphones at the Apple Inc. Regent Street store in London, UK. Bloomberg | Bloomberg | Getty ImagesApple will take years to diversify from its Chinese factories, even as the country presses on with its zero Covid policy which is hurting iPhone production, according to Counterpoint Research's Jeff Fieldhack. "It will take years for Apple to diversify," the research director told CNBC's "Squawk Box Asia" Tuesday, explaining that Apple's latest iPhones will likely continue to be built in China for the next few years. In a statement on Sunday, Apple said that it temporarily reduced iPhone 14 production as its primary iPhone 14 Pro and iPhone 14 Pro Max assembly plant in Zhengzhou, China is operating at "significantly reduced capacity" due to Covid-19 restrictions. Apple has been diversifying its device assembly process away from China and opening factories in countries south of China, such as India and Vietnam.
☆ It'll take years for Apple to diversify its production supply chain, says research firm
  + stars: | 2022-11-08 | by ( ) www.cnbc.com   time to read: 1 min
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailIt'll take years for Apple to diversify its production supply chain, says research firmJeff Fieldhack of Counterpoint Research says lower-end devices can be assembled in countries like India, but it would be a "very small amount."
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