Apple faces worst iPhone slump since Covid-19 as China rivals rise
The Straits Times|April 16, 2024
Apple's iPhone shipments slid a worse-than-projected 10 per cent in the March quarter, reflecting flagging sales in China despite a broader smartphone industry rebound.
Apple faces worst iPhone slump since Covid-19 as China rivals rise

The company shipped 50.1 million iPhones in the first three months, according to market tracker IDC, falling shy of an average of analyst estimates compiled by Bloomberg of 51.7 million units.

The 9.6 per cent year-on-year drop is the steepest for Apple since Covid-19 lockdowns snarled supply chains in 2022, the researchers said.

The iPhone maker has struggled to sustain sales in China since the debut of its latest generation in September.

The resurgence of rivals from Huawei Technologies to Xiaomi and a Beijing ban on foreign devices in the workplace have all weighed on sales. The IDC reckoning provides the first snapshot of the global performance of Apple's most important product ahead of earnings on May 2.

The drop in iPhone shipments is significant given the overall mobile market registered its best growth in years. Smartphone makers shipped 289.4 million handsets in the period, marking a 7.8 per cent rise from the trough a year ago, when many manufacturers were grappling with a surfeit of unsold devices.

Denne historien er fra April 16, 2024-utgaven av The Straits Times.

Start din 7-dagers gratis prøveperiode på Magzter GOLD for å få tilgang til tusenvis av utvalgte premiumhistorier og 9000+ magasiner og aviser.

Denne historien er fra April 16, 2024-utgaven av The Straits Times.

Start din 7-dagers gratis prøveperiode på Magzter GOLD for å få tilgang til tusenvis av utvalgte premiumhistorier og 9000+ magasiner og aviser.

FLERE HISTORIER FRA THE STRAITS TIMESSe alt
The Straits Times

THE NEW BERNABEU A REAL PROBLEM

Locals and neighbourhood residents hate noise from concerts and construction work

time-read
2 mins  |
October 10, 2024
Japan seek to beat the heat and Saudi Arabia
The Straits Times

Japan seek to beat the heat and Saudi Arabia

HONG KONG - Japan face second-placed Saudi Arabia in Group C of Asia's third round of World Cup qualifiers in Jeddah on Oct 10, looking to continue their prolific start as top-of-the-table clashes take centre stage across the continent.

time-read
2 mins  |
October 10, 2024
The Straits Times

Police investigating Spanish pair over protests in S'pore

A Spanish man and woman in their 30s are assisting the police with investigations after photos appeared on social media of the man holding a banner in various parts of Singapore to protest against Singaporean business magnate Peter Lim, who owns Spanish top-tier football club Valencia.

time-read
2 mins  |
October 10, 2024
The Straits Times

FROM SAUDI SPLURGE TO SPENDING SLUMP

Football transfer outlay drops in 2024 as officials assess the commercial returns

time-read
3 mins  |
October 10, 2024
Future looks bright for America's Cup: Ainslie
The Straits Times

Future looks bright for America's Cup: Ainslie

BARCELONA - Sailing has a great opportunity to develop as a sport if the America's Cup can involve more frequent events and evolve the boats now being raced, according to British skipper Ben Ainslie.

time-read
2 mins  |
October 10, 2024
The Straits Times

Sport can be 'solution multiplier' for climate

LONDON – Sports clubs and organisations must raise their game and become leaders in the battle to prevent catastrophic climate change, Sport England chairman Chris Boardman said on Oct 8.

time-read
2 mins  |
October 10, 2024
SINNER TO BE GIVEN NO QUARTER
The Straits Times

SINNER TO BE GIVEN NO QUARTER

Medvedev vows to put up a better fight against world No. 1 in Shanghai last eight

time-read
3 mins  |
October 10, 2024
The Straits Times

Ryder Cup captains won't exclude LIV Golf players

NEW YORK - Ryder Cup captains Keegan Bradley and Luke Donald said on Oct 8 that they will not shy away from including LIV Golf players in their respective teams for the 2025 biennial showdown between the United States and Europe.

time-read
2 mins  |
October 10, 2024
MISTY SWIFT EARNS EVEN MORE FANS AT TRIALS
The Straits Times

MISTY SWIFT EARNS EVEN MORE FANS AT TRIALS

Ex-Kranji runner No More Delay also struts his stuff at hit-outs

time-read
3 mins  |
October 10, 2024
The Straits Times

MediShield Life can be made more effective. Its review holds the key

We must incentivise outpatient treatment and accept that, in some cases, personalised medicine can save lives.

time-read
6 mins  |
October 10, 2024