DECOUPLING CUTS BOTH WAYS: Apple’s iPhone sales plummet 24% in China, while Huawei’s skyrocket 64% as Chinese consumers abandon American tech. “Since last summer, Huawei has benefitted from the release of its Mate 60 phone series after struggling to source parts for many months due to Western sanctions. The new phone features 47% Chinese-made parts, 18 percentage points higher than the previous model, and is even powered by a Chinese-manufactured chip. The Mate 60 amounts to a major upgrade for many Huawei users, but Apple’s iPhone 15 isn’t quite as enticing among its user base, according to Counterpoint’s Zhang.”