Apple loses top spot in China smartphone sales to local rivals

Apple lost its top position in the Chinese smartphone market, with Huawei and Vivo surpassing it in sales. Apple's market share fell to 15% in 2024, behind Huawei's 16% and Vivo's 17%. Increased competition has affected iPhone sales, while domestic brands gain popularity. The market saw a 5% growth in Q4, aided by government subsidies for smartphone purchases.