Apple falls to No.6 in China
Apple Inc’s rank in China’s smartphone market, which is set to become the world’s largest this year, fell to No.6 in the third quarter as it faces tougher competition from Chinese brands, research firm IDC said on Thursday.
Apple’s third quarter ranking was two spots below its position in the second quarter in terms of China’s smartphone market share by shipments, IDC said. The U.S. giant’s market share in China was under 10 percent in the third quarter.
IDC’s release comes a day after Apple’s shares fell more than 6 percent, logging its biggest single-day loss in four years, as a result of stiffer competition in the mobile devices market.
- Wireless, Quick Charge Powerbanks To Rule The Industry
- Gionee To Set Up Manufacturing Plant In India
- Samsung Intends To Sell Refurbished Phones, Akin Apple
- Nokia To Launch Android Smartphones In Q4 2016
- Apple Rebrands, Drops “Store”, To Remain As Apple
- Tech Giants Join Hands To Fight Against ‘Robocalls’
- Chinese Firms Drive India's Smartphone Sales
- Huawai To Start Manufacturing In India Soon
- Weekly Rewind: Top 10 Stories On CXOtoday - [Aug 8-Aug 13]
- Apple, Intel Add More Flavor To AI Deals