Over one trillion market value evaporated overnight

shapanqqcceqd · Post by **shapanqqcceqd** » Sun Jan 19, 2025 4:07 am

The Shanghai Composite Index shrunk and closed up 0.18%, and the ChiNext Index rose 0.78%. The semiconductor industry chain strengthened across the board, with SMIC rising by more than 6%; the Xiaohongshu concept saw a sharp correction, and dividend assets weakened in the afternoon.

Apple’s stock price suddenly “collapsed” and iPhone shipments in China fell

The seven U.S. technology giants fell overnight, and their market value evaporated by approximately billion (approximately 2.4 trillion yuan). Among them, Apple's stock price crashed 4.04%, the largest single-day decline since early August last year, and its market value evaporated by US$144.5 billion (approximately RMB 1,058.8 billion) overnight.

Since its December high, Apple has fallen nearly 12%, making it one of the seven worst-performing tech stocks since 2025.

On the news, multiple media articles reported that Apple iPhone sales in China were weak. Canalys data shows that in the fourth quarter of 2024, Apple iPhone shipments in the mainland China market fell by as much as 25%, with a total of 13.1 million units shipped and a market share of 17%.

After two years of decline, mainland China's smartphone purchase doctor user list market is recovering. Shipment volume in 2024 will be 285 million units, a year-on-year increase of 4%.

However, Apple's shipments fell by 17% year-on-year in 2024, with 42.9 million smartphones shipped, compared with 51.8 million units in 2023.

According to a report released by market research company Canalys, Apple's sales ranking in the domestic smartphone market in 2024 will slip to third place, behind vivo and Huawei.

From the perspective of brand market share, vivo and Huawei performed well. Vivo ranks first with shipments of 49.3 million units, an increase of 11% year-on-year in 2023, and a market share of 17%; Huawei will ship 46 million units in 2024, a year-on-year increase of 37%, with a market share of 16%; Apple, OPPO and Honor ranked third, fourth and fifth respectively, with market shares of 15% each, indicating fierce competition.