Huawei's Rise Is a Red Flag for Apple

There's a lot of buzz around Apple's (NASDAQ: AAPL) new iPhone, and it is anticipating that the enthusiasm translates into sales. The company's own reports and data from research firm Gartner, suggests that Apple has failed to move the needle so far this year, as sales to end users have remained flat in the first half of 2017.

This has allowed Chinese powerhouse Huawei to cut Apple's lead in the smartphone space. In fact, the 17% year-over-year jump in Huawei's smartphone sales during the second quarter of 2017 has increased its global market share to 9.8%. Meanwhile, Apple's flat sales performance diminished its worldwide market share from 12.9% to 12.1% at the end of the second quarter.

But the situation could get worse for Apple, according to Counterpoint Research's latest findings. The research firm claims that Huawei sold more smartphones than Apple in June and July, and was on track for another beat in August.

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Source: Fool.com