In the preceding holiday quarter, Apple told us that it made 15 percent less money off of its iPhones this year than last year. One research firm estimates that the company shipped 62 million iPhones in the three months from October. We don’t know for sure, though: Apple won’t give unit shipment numbers anymore.
However, we do know from CEO Tim Cook that Greater China has shown the greatest weakness for the business. And according to IDC, that net impact in unit shipments could be as much as 20 percent.
Its latest report, with details found through Reuters, also suggests that Huawei was able to boost moves by 23 percent. This effectively cut Apple’s market share by 1.4 points to 11.5 percent for the quarter.
Reuters also referenced a Counterpoint Research paper that said Apple’s performance in the quickly-emerging market of India plunged during Diwali with a 25 percent drop in shipments.
The macroeconomic picture will be tough for American companies reliant on foreign revenues like Apple as a strong Dollar will keep exchange rates unfavorable. In China, domestic manufacturers continue to reign between the value factor and strained trade relations with the US.