Apple bounces back to the top smartphone seller position in China for the first time in six years, according to a report by FT on Wednesday.
- The California Company’s share expanded to 23% of the world’s largest phone market in Q4 of 2021, which is Apple’s highest ever market share in China.
- Even though Apple’s smartphone shipments in China expanded by 32% to 50 million units a year earlier, Huawei posted a 73% drop in sales.
- Apple has made major efforts to appease Beijing amid intensified geopolitical tensions with Washington and has avoided falling victim to China’s attacks on online nationalists.
- Chief executive Tim Book has adapted to address the concerns of Chinese leaders, helping to bolster the US company’s growth.
The overall China smartphone sales dropped by 9% year-on-year in the three months, with local brand Vivo rising to the second best seller. AAPL up +1.55%