China's Q2 smartphone shipments dropped by 4.0% Y/Y, says IDC
Apple's market share in China was at 13.9%, while Huawei's was at 18.1% in Q2, according to IDC.
Huawei was the top vendor in the country in terms of market share, followed by vivo at 17.3%, OPPO at 15.5% and Xiaomi at 15.1% share, IDC said.
(Reporting by Beijing Newsroom; Editing by Andrew Heavens)
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Sharjah 24
2 hours ago
- Sharjah 24
Nvidia says it will resume sales of 'H20' AI chips to China
The California-based company produces some of the world's most advanced semiconductors but cannot ship its most cutting-edge chips to China due to concerns that Beijing could use them to enhance military capabilities. Nvidia developed the H20 -- a less powerful version of its AI processing units -- specifically for export to China. However, that plan stalled when the Trump administration tightened export licensing requirements in April. "The US government has assured Nvidia that licenses will be granted, and Nvidia hopes to start deliveries soon," the company said in a statement Tuesday, adding it was "filing applications to sell the Nvidia H20 GPU again." CEO Jensen Huang, wearing his trademark black leather jacket, told reporters in a video published by Chinese state broadcaster CCTV: "I'm looking forward to shipping H20s very soon, and so I'm very happy with that very, very good news." Defending the policy change, Trump's AI Czar David Sacks told CNBC the H20 was a "deprecated chip" that is "not anywhere close to the state of the art." He said the reversal on the H20 came because Nvidia's Chinese rival Huawei was making "huge strides" and could potentially threaten Nvidia's market dominance. China represents a crucial market for Nvidia, but recent US export restrictions have intensified competition from local players like homegrown champion Huawei. "We don't want to sell China our latest greatest technology, but I do think we at least want to make it a little bit difficult for Huawei," Sacks said. Sacks also said that the decision was linked to ongoing trade negotiations between Washington and Beijing that are locked in a bitter trade feud. Beijing has criticized Washington's curbs as unfair and designed to hinder its development. 'Abrupt shifts' Zhang Guobin, founder of Chinese specialist website said the resumption would "bring substantial revenue growth, making up for losses caused by the previous ban." It would also ease trade friction impacts on the global semiconductor supply chain, he told AFP. However, he noted Chinese firms would remain focused on domestic chip development, adding that "the Trump administration has been prone to abrupt policy shifts, making it difficult to gauge how long such an opening might endure." Huang will attend a major supply chain gathering Wednesday, according to event organizers, his third trip to China this year, CCTV reported. During an April visit to Beijing, Huang told Chinese Vice Premier He Lifeng he "looked favorably upon the potential of the Chinese economy" and was "willing to continue to plow deeply into the Chinese market and play a positive role in promoting US-China trade cooperation," state news agency Xinhua reported. The tightened US export curbs come as China's economy wavers, with domestic consumers reluctant to spend and a prolonged property sector crisis weighing on growth. President Xi Jinping has called for greater self-reliance amid increasing external uncertainty. The Financial Times reported in May that Nvidia was planning to build a research and development center in Shanghai, though neither Nvidia nor city authorities confirmed the project to AFP. China's economy grew 5.2 percent in the second quarter, official data showed Tuesday, as analysts had predicted strong exports despite trade war pressures.
The National
4 hours ago
- The National
Trump says US will pay no tariffs to Indonesia as part of trade deal
President Donald Trump on Tuesday said the US will not pay tariffs to Indonesia as part of a trade deal negotiated with the South-East Asian country. The announcement follows a letter Mr Trump sent to Indonesia last week, in which he threatened to impose a 32 per cent charge on Indonesian goods. In the letter, he said the tariff would be implemented by August 1 unless a deal was reached. 'We will pay no tariffs, so they are giving us access into Indonesia which we've never had. That's probably the biggest part of the deal. And the other part is, they are going to pay 19 per cent and we are going to pay nothing,' Mr Trump told reporters at the White House. Mr Trump also said Indonesia would purchase 50 Boeing jets, as well as $4.5 billion in agricultural products and $15 billion in US energy as part of the deal. Mr Trump has framed his so-called reciprocal tariff policy as a means to reduce deficits the US has with its trading partners. According to the Office of the US Trade Representative, the US had a goods trade deficit of $17.9 billion with Indonesia last year, a 5.4 per cent increase from 2023. US exports to Indonesia increased 3.7 per cent to $10.2 billion last year, while imports rose 4.8 per cent. The letters represented the latest chapter in Mr Trump's efforts to reformat US trade since resuming office earlier this year. In April, he announced a blanket 10 per cent tariff on almost all trading partners while imposing harsher tariffs on other countries with which the US has a trade deficit. He reversed course a week later following a bond market rout, instituting a 90-day deadline that expired last week. The White House announced few deals within that time – with the UK and Vietnam – while also securing a 'trade truce' with China, which has a separate deadline. Among the countries hit with trade letters last week were Canada, Japan, Iraq and more than a dozen others, with tariff rates ranging from 20 to 50 per cent.
Al Etihad
7 hours ago
- Al Etihad
Apple to buy rare earths from Pentagon-backed US producer MP
15 July 2025 18:41 (BLOOMBERG)Apple Inc. has struck a $500 million deal to buy rare-earth minerals from MP Materials Corp., the US producer that just last week secured backing from the two companies will build a factory in Texas, with neodymium magnet manufacturing lines tailored for Apple products, the iPhone maker said Tuesday in a statement. Apple said the spending on rare-earth minerals is part of its earlier pledge to invest more than $500 billion in the US over the next four of MP Materials gained 11% in pre-market trading. Apple's stock was little changed. Fox News reported some details on the supply deal earlier on world's dependence on China for rare-earth permanent magnets that are essential for consumer tech, cars, wind turbines and fighter aircrafts, has become a flashpoint in the Asian nation's trade war with the the Trump administration imposed 145% tariffs on China, Beijing shut down exports of the critical component. MP Materials operates the sole US rare-earth mine at Mountain Pass in increased production will support dozens of new manufacturing and R&D jobs, Apple two companies will also work together to establish a rare earth recycling line in Mountain Pass, California, and develop novel magnet materials and innovative processing technologies to enhance magnet performance, according to the statement. That facility will allow MP Materials to take in recycled rare earth feedstock and use it in Apple products."Rare earth materials are essential for making advanced technology, and this partnership will help strengthen the supply of these vital materials here in the United States,' said Apple Chief Executive Officer Tim Cook in the have emerged in recent weeks that the US and China are beginning to deliver on promises made in trade talks held in Geneva and London in the past two months. China agreed to resume shipments of rare earths - with exports surging in June - while the Trump administration has reversed some restrictions on technology exports to China, including some semiconductors from Nvidia Corp. and Advanced Micro Devices Inc. The Pentagon took a $400 million stake in MP last week to secure supplies of magnets critical for military and other applications. The deal came with $1 billion in financing from JPMorgan Chase & Co. and Goldman Sachs Group Inc. to fund a major new plant.
