The drop in iPhone sales among Chinese consumers that hurt Apple so much last year is now a thing of the past, according to market analysts. The company saw five straight months of growth in that important region.
Rising trade tensions have brought calls in China to boycott Apple devices in favor of Huawei handsets, but the iPhone has an unlikely cheerleader: the CEO of Huawei admits he buys iPhones for his family.
“One can’t narrowly think love for Huawei should mean loving Huawei phones,” said CEO and founder Ren Zhengfei.
Temporary price cuts in China offered only a temporary boost in iPhone sales, according to industry analysts watching how Apple would follow up dismal year-end figures in the depressed Chinese smartphone market.
To start 2019, Apple revealed unexpected revenue shortfalls, blaming it mostly on a sharp drop in demand for iPhones in China.