Apple's Q1 smartphone shipments in China tumble 19%, data shows

- Apple's smartphone shipments in China fell by 19% in Q1, the worst performance since 2020 - Huawei saw a 70% increase in sales, surpassing Apple to become the largest smartphone seller in China - Apple's market share in China dropped to 15.7%, putting it almost level with Huawei - Apple's stock fell by 0.4% in premarket trade - Huawei released new high-end phones, impacting Apple's sales in the premium segment - China is Apple's third-largest market, generating around 17% of its total revenue in Q4 of the previous year.