Apple has faced intense competition from local smartphone manufacturers like Huawei and Xiaomi, which have eroded its market share in China over the last few years. The company’s overall sales in China declined 11.1% during to $18.51 billion during the last three months of 2024, the largest drop in the country since the first quarter of 2024.Apple has focused on integrating AI models into its hardware rather than investing in building its own and could benefit from the potential for cheaper AI models DeepSeek offers. Is iPhone place in China diminishing ?
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