Apple's iPhone Faces Market Share Decline in China as Local Brands Surge
iPhone shipments dropped 9% in China during Q1 2024, marking Apple's seventh consecutive quarterly decline in the region. Meanwhile, domestic manufacturers like Xiaomi saw significant growth amid government subsidies and competitive pricing strategies.
Apple's Global Smartphone Market Share Declines as Chinese Rivals Gain Momentum
Apple experiences a 2% decline in smartphone market share, dropping to 18% globally as Chinese manufacturers like Xiaomi surge with impressive growth. Despite maintaining strong premium device sales, Apple faces challenges with AI features and market reception.
Ford CEO's Surprising EV Choice: Six Months with Xiaomi's Electric Vehicle
Jim Farley, Ford's CEO, reveals he's been driving a Xiaomi EV for six months, signaling a shift in the automotive landscape. This unexpected move highlights the growing competition from non-traditional automakers in the electric vehicle market.