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Market Chatter: Apple Sees Drop in Smartphone Sales in China in October, Data Shows
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Market Chatter: Apple Sees Drop in Smartphone Sales in China in October, Data Shows
Nov 27, 2024 4:45 AM

07:23 AM EST, 11/27/2024 (MT Newswires) -- Apple ( AAPL ) saw a decline in smartphone sales in China in October as foreign-branded phone sales fell by 44.25% year-on-year, Reuters reported Wednesday, citing a data from the China Academy of Information and Communications Technology.

Sales of foreign-branded smartphones, including Apple's ( AAPL ) iPhone, amounted to 6.2 million units in October, compared with around 11.2 million units a year earlier.

Overall, smartphone sales in China showed an increase of 1.8%, reaching 29.7 million units in October, Reuters reported, citing the data.

Apple ( AAPL ) did not immediately respond to requests for comment from MT Newswires.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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