iPhone 15 underperforms in China as compared to previous model

From the creator

"Apple's (APPL) latest device, the iPhone 15, is not selling as well in China compared to that of the previous generation's model, according to a report from Counterpoint Research. The report points to economic woes in China, including China's entire smartphone market being down 5%. Counterpoint Research Director Jeff Fieldhack joins Yahoo Finance to break down the report as well as challenges for Apple within China. When asked about reasons for the underperformance, Fieldhack replies: ""The [Apple] ecosystem is a little weaker in China, a lot of these applications are not allowed there."" He lists nationalistic consumer trends from Chinese citizens, using Huawei smartphones as a competitive domestic option to Apple's landmark iPhone. Subscribe to Yahoo Finance: https://yhoo.it/2fGu5Bb About Yahoo Finance: At Yahoo Finance, you get free stock quotes, up-to-date news, portfolio management resources, international market data, social interaction and mortgage rates that help you manage your financial life. Yahoo Finance Plus: With a subscription to Yahoo Finance Plus get the tools you need to invest with confidence. Discover new opportunities with expert research and investment ideas backed by technical and fundamental analysis. Optimize your trades with advanced portfolio insights, fundamental analysis, enhanced charting, and more. To learn more about Yahoo Finance Plus please visit: https://yhoo.it/33jXYBp Connect with Yahoo Finance: Get the latest news: https://yhoo.it/

Published 2023-10-16 · Watch on YouTube ↗
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