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