iPhone 15 Sales Slump in China Amidst Huawei's Revival While Strong US Demand Offsets Weakness

iPhone 15 sales in China dropped sharply compared to iPhone 14, with analysts citing competition from Huawei's Mate 60 Pro and other domestic brands as a key factor.
Huawei regained the top spot in China's smartphone market from Apple on the back of strong Mate 60 Pro sales and high demand.
The US emerged as a bright spot for Apple, with double-digit iPhone 15 sales growth that somewhat offsets the China weakness.
Global smartphone shipments declined year-over-year in Q3 2022 to decade lows, impacting brands like Apple and Samsung.
Apple CEO Tim Cook visited China recently to connect with developers, partners, and customers amidst iPhone sales challenges.