https://www.cnn.com/2024/04/15/tech/iphone-sales-plunging/index.html
Apple’s smartphone sales tumbled 10% last quarter, according to market research firm IDC, as sales in China fell sharply.
The company has lost momentum in China as nationalism, a rough economy and increased competition have hurt Apple over the past several months.
Could Apple be a casualty in the US-China economic war?
If not anti-US, maybe anti-west? Toyota and Honda are gaining market share in China, but the US big three aren’t the only ones losing share.
VW, the market leader in China, Market share 2016: 12.70%, 2022: 10.65%
Chevrolet share 2016 2.28%. 2022: 1.15%
Ford: 2016: 3.77%, 2022: 1.06% (Farley said recently he looks at China as a cheap place to build for export, rather than trying to compete in the domestic Chinese market.)
Jeep 2016: 0.61% 2022: 0.01% (withdrawn from market)
Steve
VW has partnered with Xpeng to bring 2 new models to China market space.