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.

Global smartphone shipments grew 3% to 330 million units in 4Q24, marking the fifth consecutive quarter of positive growth, but the growth rate is slowing down significantly, Canalys issued a report saying.

The smartphone market grew by 7% on the yearly basis. An estimated total of 330 million smartphones were shipped in Q4 2024, with Apple leading all

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,

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.