(Reuters) – Apple Inc’s iPhone shipments in China fell more than 35% in November, marking their second straight double-digit decline as sales of the cheaper iPhone 11 remained sluggish, brokerage Credit Suisse said on Thursday.
Shares of the company fell more than 1% to 267.67 in early trading.
Total iPhone shipments in China in the September-November period dropped 7.4% from a year earlier, Credit Suisse analyst Matthew Cabral said, citing data from China’s Ministry of Industry and Information Technology.
The latest iPhone 11 range hit stores in China in September, with short queues of die-hard fans contrasting with the hundreds who camped out ahead of some previous launches. bit.ly/2RM5DVc
Cabral also wrote that Apple would have a tough time pushing through tariff-related price increases to U.S. consumer if the 15% tariffs on billions in Chinese-made consumer goods come into effect on Dec. 15.
Apple has asked the Trump administration to waive levies on China-made Apple…
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