Apple gains market share in China as smartphone market declines – Times of India

It seems like that the smartphone market in China has been declining but there’s one company that is gaining market share — Apple. According to a report by Apple Insider, which cites an investors note by JP Morgan analyst Samik Chatterjee, the observations are based on smartphone shipment data released by China Academy of Information and Communications Technology (CAICT).
According to the JP Morgan analyst, in the month of May, international shipments — mainly Apple’s iPhone — rose 41% to about 3.8 million units.The number of international units shipped in May 2021 is the best month for non-Chinese manufacturers in China in the last three years.
“More importantly, the comparison of the trends between Apple and overall volumes indicates that Apple continues to gain market share in the region, with average share now closer to the teens relative to low-double digits a year ago – consistent with the feedback we are receiving from our channel checks, with most OEMs acknowledging that the smartphone market in China has slowed down broadly, except for in the case of Apple,” Chatterjee wrote in his investor note, as per the report by Apple Insider.
If Apple and other international brands have been doing well then the overall market isn’t in a good shape and has been declining. The report says that the industry saw a 16% decline in the market between April and May. In China, smartphones with 5G technology account for the majority of shipments.