Apple Inc. has experienced a significant decline in the Chinese smartphone market, falling from the top position to fifth place. This shift occurred despite having one of its best iPhone launch quarters in China. The company's iPhone sales dropped by approximately 25%, marking its worst quarterly performance in the country since 2020. Concurrently, Huawei Technologies has regained the leading position in China's smartphone market, reporting a substantial 564% increase in first-quarter net profit of $2.71 billion and a 37% rise in revenue to 178.45 billion yuan. Huawei's aggressive comeback has been particularly notable given the ongoing U.S. restrictions against it. Meanwhile, Apple's overall market share in China has decreased by 4 percentage points to 15.7%.