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Apple China Growth
Description
China's smartphone shipments fell 4% year over year in Q1 2026 as weak demand and rising component costs weighed on the market. Huawei led with a 20% share while Apple ranked second with 20% shipment growth driven by iPhone 17 demand. Xiaomi shipments fell 35% and OPPO weakened after price hikes. A 9% full-year market decline is projected. Apple shares were up 0.58% at $264.92 in premarket trading.
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