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Update: Market Chatter: Apple iPhone China Shipments Drop About 33% in February, Government Data Show
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Update: Market Chatter: Apple iPhone China Shipments Drop About 33% in February, Government Data Show
Mar 26, 2024 6:51 AM

09:28 AM EDT, 03/26/2024 (MT Newswires) -- (Updates with additional details in second and third paragraphs, adds attempt to contact Apple ( AAPL ) in fourth paragraph.)

Shipments of Apple's ( AAPL ) iPhone in China fell roughly 33% in February from a year earlier, Bloomberg reported, citing data from the China Academy of Information and Communications Technology.

The data showed that foreign companies shipped roughly 2.4 million phones in February, the report said, adding that Apple ( AAPL ) represents the vast majority of the figure.

In January, Apple ( AAPL ) shipments declined about 39% year over year to about 5.5 million units, Bloomberg reported, citing the Chinese agency's data.

Apple ( AAPL ) didn't immediately respond to a request for comment by 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.)

Price: 170.12, Change: -0.74, Percent Change: -0.43

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