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China’s smartphone market will face “a structural change” upon Huawei’s return and declining iPhone demand in 2024, according to Kuo Ming-chi, a TF International Securities analyst known for his accurate assessments of Apple’s business.
“The iPhone shipment decline in China is higher than expected … primarily due to a decline in iPhone demand,” Kuo wrote on Twitter last week.
– ignited patriotic fervour and strong local demand after the company had struggled under Washington’s trade sanctions.
However, Huawei also faces a shortage in supply as it scrambles to meet consumer demand. On Monday, the company launched a new campaign, promising a wait time of no more than 90 days when customers order the Mate 60 Pro from the official website.
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