It is known to all that the biggest and the most profitable smartphone market in the world is China. As per the statements put forward by Apple’s CEO Tim Cook, China is the biggest market for Apple and brings the most revenue to the company for its iPhones. On the other hand, in recent times, it has been seen that Apple is being chased out of the country by certain top notch local manufacturers of smartphones led by the world famous company, Huawei. It’s not only China, but Huawei is chasing Apple in many other parts of the world.
If the scenario of China is taken into account, Apple is currently placed fourth, behind local companies like Vivo, Oppo and Huawei. The only other Chinese company which is ranked lower than Apple is Xiaomi. As a matter of fact, Xiaomi has been encountering some difficulty but is steadily moving ahead. As per the reports, the growth rate of the top smartphone companies of China has been tremendous. On the other hand, Apple has seen their sales drop in the country, something no one had anticipated can happen.
As per the reports, the top players of smartphone manufacturers in the Chinese market had seen a rise if %0 % to 70 % in their sales. Apple, on the other hand saw a depression of 15 % of their sales in the country. It seems that Huawei is not only creating top level smartphones, but is also providing them to the customers at a lower price. Moreover, they are spending more amount of money on development and research of their smartphone devices than Apple. This has allowed the company to get ahead of Apple in its home soil and is looking to get on top of Apple all across the world.