Could Huawei device sales overtake Apple's iPhone 15 in China?

Apple's (AAPL) iPhone 15 sales are reportedly slumping among Chinese consumers, down 4.5% compared to the first few weeks of the iPhone 14's sales. Huawei's Mate 60 line of foldable phones has been making waves over its new hardware features, but is it enough to overturn Apple's dominance in the Chinese market?

IDC Worldwide Tracker Team Research Director Nabila Popal comments on whether the domestic developer could truly capture Apple's market share if geopolitical tensions in the U.S.-China semiconductor race open up new opportunities for Huawei.

"It will take a lot of time for Huawei to gain back that lost share, especially... if you zone in on just the premium segment within China, Huawei at its peak had about 58% share," Popal says.