The companys performance was once boosted by a variety of favorable factors, the report said.
Among Apples iPhone 11 products, the cheapest is priced at $50 less than the previous iPhone, and new products are released a month earlier than last year. Early launch of new products helped boost sales in the September quarter.
Apples new low price strategy in China has had a huge impact. Yan Zhanmeng, who studies Chinas smartphone market at canterbilt research, said.
Apple is not expected to launch 5g smartphones until next year, while Huawei, Chinas largest smartphone maker, launched its first 5g in June, the report said.
With Chinas state-owned telecom operators officially opening 5g business packages, the relatively small smartphone manufacturers are also following up quickly.
Yan Zhanmeng predicted that the lower priced 5g devices produced by these companies will flow into the Chinese market next year, which will depress Apples sales.