Thursday, November 21, 2024

Apple’s iPhone sales fall during China’s Singles’ Day shopping festival, report shows

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Apple saw a sharp decrease in iPhone sales across China during this year’s Singles’ Day, the world’s biggest shopping festival, amid stiff competition from mainland smartphone rivals and weak domestic consumption, according to a new report.

The country’s two-week Singles’ Day sales period this year yielded “a double-digit, year-on-year decline in iPhone sales”, as Apple “faced pressure from an abnormally high number” of new flagship smartphone models that domestic competitors launched just before and during the annual shopping extravaganza, according to a report published on Wednesday by Counterpoint Research.

The report did not provide the exact percentage drop or the fewer number of iPhone sales that Counterpoint tracked during the event’s sales period, which ran from October 28 to November 10.

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This year’s Singles’ Day debacle for Apple, which saw iPhone 16 prices slashed as part of online promotions, reflects the continued cutthroat competition in the world’s biggest smartphone market, where major Chinese handset vendors have already launched on-device artificial intelligence (AI) ahead of the US tech giant.

The new iPhone 16 series on display at an Apple Store in Shanghai. Photo: Shutterstock alt=The new iPhone 16 series on display at an Apple Store in Shanghai. Photo: Shutterstock>

Overall, Singles’ Day smartphone sales this year fell 9 per cent compared with last year, as market demand and consumers’ enthusiasm for promotions have been subdued by economic headwinds, according to the Counterpoint report.

Still, Apple’s latest flagship iPhone series has proved popular on the mainland since it hit store shelves in September. The iPhone 16 Pro and iPhone 16 Pro Max were the bestselling models during the two-week festival, the report said.

In the same two-week sales period, smartphone sales of Huawei Technologies stood out with an “impressive growth of 7 per cent year on year”, the report said. Counterpoint attributed that performance to “generous price cuts” on Huawei’s Pura 70 series and Mate 60 series, as well as the newly launched Nova 13 series with the 5G Kirin processor.

Sales of Oppo rose 6 per cent from last year’s Singles’ Day festival, while those of Vivo grew 5 per cent.

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