US EUROPE AFRICA ASIA 中文
    Business / Technology

    Apple's revenue from China feels heat of local rivals

    By Fan feifei (China Daily) Updated: 2016-07-28 08:01

    Apple Inc announced on Tuesday a steep decline in revenue from China in its third fiscal quarter of 2016, as iPhone sales dropped due to fierce competition from local rivals.

    The company said its sales in China in the third quarter, which ended on June 25, reached $8.8 billion, down 33 percent from $13.2 billion a year earlier-marking its highest decline among all regions.

    During a follow-up earnings call, Apple CEO Tim Cook blamed the current economic environment in China for the disappointing performance. But the company remains "very optimistic about growth opportunities" and will continue to invest in China, he said.

    However, analysts said Apple's figures reflect increasingly intensified competition from domestic vendors like Huawei Technologies, Oppo Electronics and Vivo Mobile Communication Technology.

    "Local vendors are focusing on premium flagship smartphones that are priced above 2,000 yuan ($300), for instance Huawei's P9 or Oppo's R9. The rising middle class in China welcomes local brands that offer good quality at a lower price point," said Jessie Ding, a Canalys researcher based in Shanghai.

    If there is no distinct improvement for the iPhone 7 series, which is expected to be launched in September, consumers who now own iPhone 6S will hardly have a reason to upgrade, Ding added.

    According to the research company Counterpoint, home grown smartphone maker Oppo became the No 1 brand in China for the first time in June, with a record 23 percent market share. It was followed by Huawei with 17.4 percent and Vivo with 12 percent. Apple made its way onto the list at fourth place, with 9 percent market share.

    Huawei Technologies announced its financial results for the first half of the year on Tuesday. The company's sales revenue increased by 41 percent over the same period last year, with 77.4 billion yuan.

    CK Lu, principal analyst at consulting firm Gartner Inc, said: "Chinese brands are taking advantage when Apple's iPhone 6S/6S Plus only offer minor upgrades. Consumers are starting to recognize these Chinese brands in premium sectors."

    Hot Topics

    Editor's Picks
    ...
    久久男人Av资源网站无码软件| 日韩区欧美区中文字幕| 人妻无码αv中文字幕久久琪琪布| 国产亚洲情侣一区二区无码AV| 日韩人妻无码精品专区| 亚洲中文字幕无码一区二区三区 | 中文字幕亚洲综合精品一区| 丰满岳乱妇在线观看中字无码| 亚洲一区AV无码少妇电影☆| 欧美日韩中文国产一区| 亚洲成av人片不卡无码久久| 国产三级无码内射在线看| 亚洲精品无码高潮喷水在线| 免费无码作爱视频| 亚洲乱码中文字幕手机在线| 欧美日韩中文字幕2020| 亚洲一级特黄大片无码毛片| 久久影院午夜理论片无码| 国产成人AV一区二区三区无码| 午夜不卡久久精品无码免费| 午夜人性色福利无码视频在线观看| 国产麻豆天美果冻无码视频| 最近最新中文字幕视频| 直接看的成人无码视频网站| 亚洲日本va午夜中文字幕久久| 最近中文字幕国语免费完整| 玖玖资源站中文字幕在线| 久久有码中文字幕| 无码精品国产dvd在线观看9久| 无码人妻少妇久久中文字幕| 一级片无码中文字幕乱伦| 最近中文字幕大全2019| 亚洲无码在线播放| 无码人妻精品一区二区三区东京热 | 久久综合精品国产二区无码| 日日摸日日碰夜夜爽无码| 色情无码WWW视频无码区小黄鸭| 国产V亚洲V天堂A无码| 亚洲Av无码乱码在线播放| 久久无码AV中文出轨人妻| 日韩欧群交P片内射中文|