Apple's share of Chinese phone market shrinks as rivals pick up pace in world's largest market 

A comeback by Huawei has directly impacted Apple in the premium phone market, market researcher Counterpoint says

Apple shares have fallen about 14% so far this year.

Apple's smartphone shipments in China tumbled 19% in the first quarter of the year, the worst performance since 2020, as the iPhone maker took a hit from Huawei's new product launches in the premium segment, market data showed.

Apple's share in the world's biggest smartphone market fell to 15.7% in the first quarter from 19.7% a year earlier. That put it almost level with Huawei, which saw sales jump 70%, according to research firm Counterpoint.