Apple is losing the battle on both fronts

The IDC is just out with some smartphone stats:

• China smartphone shipments up 3.3% in Q1 (solid sign of growth)
• Huawei China sales +10%
• Apple China sales -9%
• Xiaomi was the top vendor with 18.6% share, followed by Huawei and Oppo with 18% and 15.7%, respectively

An iPhone was a status symbol for years in China but it appears the consumer is shifting to domestic preference.

Meanwhile, tariffs on China threaten to crush Apple’s margins in the United States.

This article was written by Adam Button at www.forexlive.com.