Apple continues to gain ground in Chinese smartphone market
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Apple (NASDAQ:AAPL) continued to gain market share in the Chinese smartphone market in the second-quarter, despite the overall market shrinking amid an economic slowdown. 
Research firm IDC said iPhone sales rose 6.1% year-over-year in the second-quarter, allowing Apple (AAPL) to capture 15.3% of the market, good for fourth, behind OPPO, vivo and Honor.
The aforementioned companies all saw year-over-year declines, ending the period with 17.7% 17.2% and 16.4% of the market, respectively.
IDC said that 65.7M smartphones shipped in China during the quarter, down 2.1% year-over-year, while first-half sales fell 7.3% year-over-year to 130.9M.
"The sluggish consumer demand recovery offset the bigger discount efforts from smartphone vendors and e-commerce operators, leading to a more-than-5% drop in sales during the 6.18 online shopping festival," research firm IDC said in a statement. "The discouraging sales results indicated the challenging environment will continue in the short term."
Aside from Apple, only Huawei managed to see growth in the market during the quarter, as sales surged 76%.1 year-over-year, allowing the company to capture 13% of the market, up from 7.3% in the year-ago quarter.
Xiaomi, which saw sales fall 17.5% year-over-year, was the other smartphone vendor in the top six, according to IDC.
Apple (AAPL) is slated to report fiscal third-quarter results on August 3. A consensus of analysts expect the U.S. tech giant will earn $1.19 per share on $81.83B in revenue.
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