Apple's iPhone Is No Longer China's Favorite
Apple's problems have been compounding lately, from their anticipated 2017 gadgets release to falling revenues. For the latter, China may have a hand in that, as the iPhone no longer seems to be the go-to smartphone in the country. In fact, Sleeping Giant sales, as well as Hong Kong and Taiwan, have decreased to an all-time low.
For the second quarter of the current fiscal year, Apple's revenues in Greater China dipped to $10.73 billion. According to Quartz, this is the fifth time the company has recorded a negative growth in the region. CEO Tim Cook blamed the disadvantageous exchange rates between the U.S. dollar and the region's currencies.
Further, Cook cites the falling number of tourists to Hong Kong, a shopping hotspot in Asia. This is likely due to disparaging release dates and even price difference. However, the real cause could be is that everyone who wanted an iPhone now has one. This is the same reason a Counterpoint Technology Market Research blamed for the declining sales. Aside from that, there are plenty of users who do not upgrade fast enough or are simply waiting for the next release. In addition, homegrown China brands have been rising in popularity, thereby further hurting Apple's revenues.
Cupertino will have to be wary, then, of these local Chinese smartphone brands. The Silicon Valley's main gizmo still remains at in the top 5, but homegrown phone manufacturers dominate the list. Even Samsung has fallen out of favor with the masses. Now, Huawei, Oppo and Vivo dominate, CNet points out.
The three names have been pushing the iPhone down the rungs since 2016. One in every two phones purchased in China come from one of the top three homegrown names. Although Apple and Samsung still dominate globally, competition is getting tough for the two as Chinese manufacturers are right behind them.
Apple's Graphics Chipmaker Does Away With Two Businesses; Takes Grievances With Cupertino To Court
Imagination Technologies is about to lose a big chunk of their revenue, as Apple is poised to make their own graphics chip. On top of that, the British firm also had to sell two of their businesses.
Apple Posts Dip In Q2 Revenues; Faces A Rough Quarter Ahead
Apple’s stocks took an unexpected dip after they revealed second-quarter earnings fell below expectations.
iPhone Undergoing Major Revamp For Apple Device’s 10th Anniversary; Leaked iPhone 7S Design Draws Flak
Apple's popular iPhone device is nearing its 10th birthday and Cupertino is in the midst of a design overhaul for a top-tier model and two ones that are similar to the latest models currently available in the market.
Pack Your Bags, Mecha Fans! Gundam Statue to Be Built in Shanghai in 2021
Bandai Namco is planning to put up a 59-foot tall Freedom Gundam statue in Shanghai. This is the first Gundam statue that will be built out of the Japanese islands.
Check Out The Latest 'Leaked' Samsung Gadgets: Galaxy Z Flip 5G, Galaxy Earbuds
The stars of Samsung's August 5 Unpacked event will undoubtedly be the Galaxy Note 20 Ultra and the Galaxy Z Fold 2.
MORE IN ITECHPOST
It Looks Like the Moderation on Pinterest Has Some Flaws of Its Own
Pinterest has been praised for its well-moderated content, but that moderation seems to have flaws.
Spotted in Deep Space: Never Before Seen Four Mystery Objects
A few mysterious objects that haven't been seen until now have recently been spotted in deep space thanks to massive radio telescopes.
Oops! TwistedBear Accidentally Reveals COD Cheats While Streaming
TwistedBear forgot to hide his cheats while broadcasting and seemed completely unaware that his cheating software was visible during an online match.