Arrow-right Camera
The Spokesman-Review Newspaper

The Spokesman-Review Newspaper The Spokesman-Review

Spokane, Washington  Est. May 19, 1883
News >  Business

Apple’s iPhone dominated China last quarter despite disruptions

Jan. 27, 2023 Updated Fri., Jan. 27, 2023 at 7:50 p.m.

The Apple iPhone 14 Pro is shown on sale at the company's Fifth Avenue store in New York on September 16.  (Jeenah Moon/Bloomberg)
The Apple iPhone 14 Pro is shown on sale at the company's Fifth Avenue store in New York on September 16. (Jeenah Moon/Bloomberg)
By Bloomberg News

By Bloomberg News

Apple won its biggest quarterly market share in China, outrunning COVID disruptions and a global economic slowdown.

The Cupertino, California, company accounted for nearly 24% of China’s smartphone sales in the last three months of 2022, according to Counterpoint Research data.

It topped all manufacturers in the quarter, for the first time becoming the second-biggest seller in the country on an annualized basis, the researchers said.

The iPhone maker suffered shipment declines from the previous year, but they were smaller than those of domestic rivals such as Vivo, Oppo and Xiaomi.

The global smartphone market has been hurting from an economic slowdown triggered by inflation and interest rates.

Consumer spending has plummeted, with the Chinese market recording double-digit drops at several points through the year.

IDC figures released earlier this week showed all major brands taking a big step back, with retailers selling through inventory buildups rather than taking on new shipments.

Apple saw lower demand for its latest generation of iPhones than it had projected earlier this year.

Its iPhone Pro models remained in high demand, but deliveries were challenged by coronavirus lockdowns and worker protests at its Zhengzhou plant in China.

The company reports earnings on next week.

The Spokesman-Review Newspaper

Local journalism is essential.

Give directly to The Spokesman-Review's Northwest Passages community forums series -- which helps to offset the costs of several reporter and editor positions at the newspaper -- by using the easy options below. Gifts processed in this system are not tax deductible, but are predominately used to help meet the local financial requirements needed to receive national matching-grant funds.

Active Person

Subscribe now to get breaking news alerts in your email inbox

Get breaking news delivered to your inbox as it happens.