Click For Photo: https://amp.businessinsider.com/images/5c3d0bf7630d9b074c25d4a1-1920-960.jpg
iPhone shipments in China dropped nearly 20% on an annual basis during the 4th quarter of 2018, according to a new estimate.
Huawei shipments were up 23% during the same period, according to the report.
Apple - IPhone - Prices - China - IDC
Apple's high iPhone prices hurt it in China, according to IDC, a market research firm.
Apple missed its own revenue target during the quarter by about $7 billion, and attributed the miss to slow demand in China.
Apple - IPhone - Shipments - Quarter - December
Apple's iPhone shipments during the quarter ending December 2018 were down nearly 20% in China, according to a new IDC estimate, providing additional context around why Apple missed its own revenue target by $7 billion during its most important quarter.
It wasn't just Apple that got whacked, though, as China's entire smartphone market shrunk nearly 10% in the quarter, lending credence to Apple officials saying that the drop was related to overall conditions in China. Still, Apple underperformed the market.
Apple - Totals - Analysts - Investors - Quarter
Apple stopped providing iPhone shipment totals to analysts and investors last quarter. That means IDC's estimates are now one of the best data points available on how well Apple's...
Wake Up To Breaking News!