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Apple's iPhone 15 is selling poorly in China compared to its predecessor, reflecting weak consumption and competition from Huawei. Sales of the iPhone 15 are down 4.5% compared to the iPhone 14 in the first 17 days after release, according to Counterpoint Research. Jefferies analysts estimate that sales are down by a double-digit percentage. This comes as Huawei outsold Apple overall, powered by the successful launch of the Mate 60 Pro.

Shares of Apple, Inc. AAPL fell in Monday’s premarket as investors digested two pieces of information that may have a bearing on the company’s fundamentals. A…

Analysts forecast a growing threat to Apple's market dominance from Huawei in the high-end smartphone segment.

Apple fell in premarket on a report that said iPhone 15 demand has been weak in China and another which hinted at Goldman eyeing exit from Apple-partnered consumer finance business.

Huawei: The twin reports mark a potential blow to Apple at a time it’s grappling with the weakest smartphone demand in a decade and a backlash from overheating models. If the initial estimates are accurate, they represent one of the iPhone’s worst debuts in China since around 2018, when local names like Oppo and Vivo began to captivate Asian consumers.