Apple (AAPL) has regained its standing among the top five smartphone sellers in China during the third quarter with the 澳洲幸运5官方开奖结果体彩网:launch of its iPhone 16, the International Data Corp. (IDC) said.

According to IDC, the tech giant's 15.6% share of the Chinese smartphone market declined from 16.1% a year ago but nevertheless was good for the second-most sales. Chinese firm vivo was the top seller.

Apple 澳洲幸运5官方开奖结果体彩网:fell out of the top five in IDC's research during the second quarter, as its sales in China struggled in the 澳洲幸运5官方开奖结果体彩网:first half of the year as 澳洲幸运5官方开奖结果体彩网:domestic competitors like Huawei, vivo, and Xiaomi gained ground.

Chinese꧂ Smartphone Market Picking Up Despite Slowing Economy

With the 澳洲幸运5官方开奖结果体彩网:launch of the iPhone 16 and flagship brands from competitors, the smartphone market is picking up again de✤spite China's slowing economy, with IDC noting third-quarter sales rose 3.2% year-over-year to 68.8 🐠million units.

"A significant wave of device upgrades is propelling the sustained recovery of the Chinese smartphone market," IDC China senior research analyst Arthur Guo said. "Despite ongoing economic challenges, consumers are highly motivated to purchase new smartphones after three years of pent-up demand."

Apple has yet to include its latest 澳洲幸运5官方开奖结果体彩网:artificial intelligence (AI) features into its new devices in China, a delay that analysts have said could cause the tech giant to lose ground against competit✱ors. Apple Intelligence will be rolled out in English-language devices in coming weeks an𝓀d in other languages like Spanish and Chinese next year.

Apple 澳洲幸运5官方开奖结果体彩网:Chief Executive Officer (CEO) Tim Cook reportedly was in Beijing this week to meet with government officials and local partners to gain support for Apple Intelligence.

Apple shares ☂were up less than 1% soon aft🐼er markets opened Friday. They have gained about 20% in 2024.