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Why is Apple struggling in China? | |
(about 2 hours later) | |
Apple has again posted strong quarterly earnings, but the one blemish on its stellar results is China. | Apple has again posted strong quarterly earnings, but the one blemish on its stellar results is China. |
The company's revenues there slipped 9.5% from a year earlier to slightly more than $8bn (£6.1bn). | The company's revenues there slipped 9.5% from a year earlier to slightly more than $8bn (£6.1bn). |
Apple's flagship iPhone is losing market share to a slew of local competitors. | Apple's flagship iPhone is losing market share to a slew of local competitors. |
The company also faces challenges in dealing with China's strict internet censorship regime. | The company also faces challenges in dealing with China's strict internet censorship regime. |
The iPhone is no longer king | The iPhone is no longer king |
China is important for Apple because it makes much of its hardware there, and it's a major market for its products too. | China is important for Apple because it makes much of its hardware there, and it's a major market for its products too. |
Globally, the company posted quarterly revenue of $45.4bn (£34.4bn), fuelled by the sale of 41 million iPhones. | Globally, the company posted quarterly revenue of $45.4bn (£34.4bn), fuelled by the sale of 41 million iPhones. |
But research firm IDC said that iPhone shipments in China fell 27% year on year in the first quarter of 2017. | But research firm IDC said that iPhone shipments in China fell 27% year on year in the first quarter of 2017. |
The problem, it seems, is that local competitors like Oppo, Huawei and Xiaomi are cheaper, and their products have improved dramatically. | The problem, it seems, is that local competitors like Oppo, Huawei and Xiaomi are cheaper, and their products have improved dramatically. |
Although the iPhone had the edge a few years ago, competitors like Huawei's P10 now represent a comparable product, according to Jake Saunders, an analyst with technology market intelligence company ABI Research. | Although the iPhone had the edge a few years ago, competitors like Huawei's P10 now represent a comparable product, according to Jake Saunders, an analyst with technology market intelligence company ABI Research. |
"You can buy a clone type phone for a price tag that's essentially about half as much," he said. | "You can buy a clone type phone for a price tag that's essentially about half as much," he said. |
Changing business model | Changing business model |
Apple may now look to apps and services to bolster revenues from the mainland, and this could bring it into conflict with China's tightening censorship regime. | Apple may now look to apps and services to bolster revenues from the mainland, and this could bring it into conflict with China's tightening censorship regime. |
Last month, Apple pulled more than 60 virtual private network (VPN) apps from its App Store in China, because of regulations that required all VPNs to licensed. | Last month, Apple pulled more than 60 virtual private network (VPN) apps from its App Store in China, because of regulations that required all VPNs to licensed. |
VPNs allow users to skirt around China's censorship filters and gain access to websites and services that are restricted or banned there. | VPNs allow users to skirt around China's censorship filters and gain access to websites and services that are restricted or banned there. |
During an earnings call, Apple CEO Tim Cook defended the decision, and said approved VPN apps were still available. | During an earnings call, Apple CEO Tim Cook defended the decision, and said approved VPN apps were still available. |
"We would rather not remove the apps, but like in other countries, we obey the laws where we do business," he said. | "We would rather not remove the apps, but like in other countries, we obey the laws where we do business," he said. |
We are hopeful that over time, the restrictions we are seeing are loosened, because innovation really requires freedom to collaborate and communicate, and I know that is a major focus there." | We are hopeful that over time, the restrictions we are seeing are loosened, because innovation really requires freedom to collaborate and communicate, and I know that is a major focus there." |
In July, Apple established its first data centre in China, in conjunction with a local company Guizhou-Cloud Big Data Industry. | In July, Apple established its first data centre in China, in conjunction with a local company Guizhou-Cloud Big Data Industry. |
Although Apple said it would not compromise users' privacy, some critics believe housing data in China could create pressure for Apple to hand over data in future disputes. | Although Apple said it would not compromise users' privacy, some critics believe housing data in China could create pressure for Apple to hand over data in future disputes. |
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