Apple lost its position as China’s top smartphone seller in 2024, as Vivo and Huawei overtook the iPhone maker amid a 17% decline in Apple’s annual shipments, according to Canalys. This marked Apple’s steepest annual sales drop in China, with a 25% plunge in Q4 alone.
Budget smartphone brand Vivo captured 17% of the market, followed by Huawei at 16% and Apple at 15%, highlighting growing competition from domestic brands. Factors such as the absence of AI capabilities in the latest iPhones and the rise of foldable phones have diminished Apple’s edge in one of its largest markets.
Canalys analyst Toby Zhu noted Apple’s challenges, including Huawei's flagship launches, growing consumer loyalty to brands like Xiaomi and Vivo, and competition in high-price segments. Apple’s four-year growth streak, aided by U.S. sanctions on Huawei since 2019, came to an end as Huawei rebounded in August 2023 with premium phones powered by local chipsets, driving a 24% Q4 shipment surge.
To combat declining sales, Apple launched rare promotions, offering discounts of up to 500 yuan ($68.50) on its iPhone 16 models from Jan. 4-7. Chinese e-commerce giants like Alibaba’s Tmall followed suit with discounts up to 1,000 yuan ($137).
Meanwhile, Xiaomi led Q4 growth among top vendors with a 29% shipment increase, followed by Oppo and Vivo with gains of 18% and 14%, respectively. Overall, China’s smartphone shipments rose 4% year-on-year to 285 million units in 2024, underscoring a shifting market dynamic driven by domestic innovation.


[Editorial Cartoon] “Tariff Chicken Game” – U.S. and China Speed Toward Economic Catastrophe
Asian Markets React to Tariff Reports and Fed Policy Shifts
Global Currency Shifts After BOJ Rate Hike and Trump's Tariff Comments
Gold Hits Record High as Investors Eye Fed Chair Powell’s Speech on Tariffs
Bullish Start for S&P 500 Sparks Optimism for 2025, Despite Risks
Toyota Retains Global Auto Sales Crown in 2025 With Record 11.3 Million Vehicles Sold
Amazon Stock Dips as Reports Link Company to Potential $50B OpenAI Investment
Tesla, Apple, Nvidia Boost Nasdaq to Record High as Jobs Report Ignites Fed Rate Cut Hopes
US Inflation Data Sparks Speculation on Fed Rate Policy
S&P 500 Relies on Tech for Growth in Q4 2024, Says Barclays
Tech Stocks Resilient Amid Bond Market Pressure and AI Boom
Trump Threatens Aircraft Tariffs as U.S.-Canada Jet Certification Dispute Escalates
Boeing Secures New Labor Contract With Former Spirit AeroSystems Employees
Oil Prices Surge Amid U.S. Sanctions on Russian Crude Exports
Apple Forecasts Strong Revenue Growth as iPhone Demand Surges in China and India
Apple Earnings Beat Expectations as iPhone Sales Surge to Four-Year High
SpaceX Reports $8 Billion Profit as IPO Plans and Starlink Growth Fuel Valuation Buzz 



