Apple's smartphone shipments in China plunged 25% in the fourth quarter of 2024, data from research firm Canalys showed, as the iPhone maker faced mounting pressure from a resurgent Huawei in one of its biggest global markets.

Analyst Ming-Chi Kuo wrote in a post on Friday that Apple is losing market share in China due to declining iPhone shipments.

Apples (NASDAQ:AAPL) smartphone shipments in China dropped 25% in Q4 2024, while Huawei experienced a 24% increase, according to Canalys. Despite the decline, Apple retained its top spot, shipping 13.

Apple smartphone shipments in China fell 25% in the fourth quarter, while Huawei's rose 24%, data from research firm Canalys showed on Thursday. Apple shipped 13.1 million units versus Huawei's 12.9 million,