‘Apple iPhone sales in China fell by a fifth in Q4 of 2018’

New York: Apple Inc iPhone sales in China fell 20 percent year-on-year in the fourth quarter of 2018, while sales for smartphones made by home-grown rival Huawei soared by 23 percent, data from industry research firm IDC showed on Monday. The report is the first to put a firm number on the scale of a recent decline in Apple’s fortunes in the world’s second largest economy, after Chief Executive Officer Tim Cook pointed to China as a big factor in a rare cut in the company’s quarterly sales forecast last month. The figures in the report showed a 19.9 percent fall in Apple’s smartphone shipments in the final quarter of 2018. (Reuters)