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iPhone shipments crashed nearly 20% in China because they're too expensive: IDC

iPhone shipments crashed nearly 20% in China because they're too expensive: IDC. This was reflected in Apple's earnings last month, when it said it booked $13 billion in revenue from China during the quarter, down 27 percent from the year-ago quarter. Huawei ate up Apple's shipment losses in China, where its shipments increased 23.3 percent during the same period. IDC said the iPhone's high price specifically "led to the decline of Apple's domestic market," while the increased strength of Huawei's brand and its flagship phone's "excellent technology'" helped it continue to widen the gap over Apple.

First found on: uk.finance.yahoo.com And then on: 1 other references