China sales are critical for Apple Inc.'s (NASDAQ: AAPL) global revenue growth. It is the largest smartphone market, with about 950 million smartphone users. The number is about tripe, what it is like in America.

Last year, a chip breakthrough put Huawei on top of the Chinese smartphone market. Now it is rolling out its newest phone, the Mate 70 series.

Although global smartphone sales are set to grow to 1.24 billion units this year, Apple’s (AAPL) performance has barely improved, according to a new study.

Despite the launch of Apple Intelligence, Apple has not seen the same growth in the recovering smartphone market as other players — but that's expected to change in 2025.