Counterpoint: iPhone 15 series is selling worse than predecessors in China


After posting record pre-order records, Apple is facing slower than anticipated sales of its iPhone 15 series in China according to new reports. Based on data collected by Counterpoint, sales of the iPhone 15 in China are down 4.5% compared to the iPhone 14 generation during the first 17 days after their release. Analysts from Jefferies Group estimate an even steeper, double-digit drop.

Huawei reportedly outsold Apple with its newly launched Mate 60 series and Jefferies analysts believe that Huawei could realistically outperform Apple in 2024. The iPhone 15 series launch was also plagued by overheating issues which likely attributed to the lowered demand in China. Smartphone demand was pretty low to begin with as 2022 saw historically low values, dropping below 300 million units for the first time. The iPhone 15 series could be en route to the lowest sales volumes since 2018’s iPhone Xs generation.

Source (paywall)



Source link

Visited 3 times, 1 visit(s) today

Related Article

Stock-Split Watch: Is Micron Next?

With incredible gains of 350% over the past year, shares of Micron Technology (NASDAQ: MU) have easily outpaced the 68% jump in the PHLX Semiconductor Sector index. However, Micron stock has been in the doldrums of late, sliding 25% from the 52-week high it reached in June this year. Micron’s pullback is driven more by

Is It Too Late to Buy SpaceX Stock After Its Monster Third-Quarter Earnings Report? Here’s the Answer.

On Oct. 20, Space Exploration Technologies (NASDAQ: SPCX) reported its 2026 third-quarter earnings, posting some impressive numbers. According to CNBC-tracked analyst estimates, revenue of $14.5 billion easily topped the $12.7 billion expected, and adjusted earnings per share of $0.45 once again beat the $0.13 expected. In addition, SpaceX reported net income of $4.4 billion, a

Meet Wall Street’s Newest Major Stock Split: It Has Soared 1,730% Since Its 2012 IPO, and There Is Plenty of Upside Left

A stock split is a corporate action in which a company increases the number of shares it has outstanding by dividing existing shares into multiple shares and proportionately decreasing its share price. Stock splits don’t change a company’s intrinsic value, but they can garner significant attention because they make each share more affordable, potentially increasing

US MARKETS CALL: Still Proceeding Cautiously

On September 15, we advised investors to proceed with caution. We pushed out our 8,400 S&P 500 target from year-end 2026 to mid-2027 and set 7,900 as our new year-end target. On October 14, we reiterated our caution. Sure enough, the stock market has been turbulent since mid-September, with AI-related stocks falling sharply. We are

Prediction: The Stock Market Will Soar After Midterm Elections

The midterm elections are fast approaching, and the world will be watching as voters head to the polls on Nov. 3 to elect their state representatives in the U.S. House of Representatives and the U.S. Senate. With politics as partisan as ever and so much going on in the world, including the Iran war, investors

Trump criticised France's immigration policies while addressing a campaign rally for Republican candidates in Perry, Georgia. (AP/Bloomberg)

Trump says France ‘burning down’ because it opens borders to people ‘who hate it’; claims protests not related to education

US President Donald Trump on Saturday said France was “burning down” because it opened its borders to people who “hate it”, dismissing claims that protests were linked to education. Trump criticised France’s immigration policies while addressing a campaign rally for Republican candidates in Perry, Georgia. (AP/Bloomberg) “They have police in France, but they’re not allowed

BE Stock Sees Worst Single-Day Fall In 3 Months — Jefferies Trims Price Target, Flags Lack Of Updates On Its Largest Opportunity With Oracle

Jefferies said that despite management’s optimism that its backlog continues to grow faster than revenue, Bloom Energy did not provide a formal backlog update. JPMorgan also lowered its price target on Bloom, cutting it to $292 from $314 while maintaining an ‘Overweight’ rating. The firm attributed the reduction to lower trading multiples among Bloom Energy’s

A motorised auto-rickshaw powered by liquefied petroleum gas (LPG) passes a bridge amid rising fuel and LPG prices due to the Iran conflict, in Karachi, Pakistan. (Reuters)

Pakistan reopens Gabd-Rimdan border with Iran after week-long trade halt

Pakistan reopened a key border crossing with Iran to resume bilateral trade and cross-border movement after a week-long suspension that stranded freight vehicles, disrupted supplies and aggravated concerns over LPG shortage ahead of winter. A motorised auto-rickshaw powered by liquefied petroleum gas (LPG) passes a bridge amid rising fuel and LPG prices due to the

A Boeing 787 Dreamliner of Riyadh Air at King Khalid International Airport in Riyadh.

The Saudi Airline That Launched Right in the Middle of a War

The day after a missile hit the airport where Riyadh Air’s offices are based, the British boss of Saudi Arabia’s new airline wanted to soothe staff fears. A Boeing 787 Dreamliner of Riyadh Air at King Khalid International Airport in Riyadh. “We would never operate a flight or have people work in a building if

Stock Market Sell-Off: History Says This Is the Best Move to Make Right Now

So your portfolio is redder than a stoplight, and your AI stocks are doing their best impression of a deflating balloon. The Nasdaq Composite (^IXIC -0.21%) has fallen 7.6% from its early October highs, dragging other market indicators lower. Pullbacks of this magnitude tend to rattle investors, particularly those who piled into artificial intelligence plays

What the New Class C Share Structure Actually Means for Meta Platforms Stock Investors

Meta Platforms (META) is introducing non-voting Class C shares to widen its options for raising capital, rewarding employees, and financing acquisitions without weakening CEO Mark Zuckerberg’s voting control. On Wednesday, Oct. 21, the board approved the charter amendment alongside its Q3 results, with a revised certificate of incorporation scheduled to take effect on Tuesday, Jan.

0
Would love your thoughts, please comment.x
()
x