Apple's Strong China Performance Boosts Confidence

2 months ago

Speaker 2

"So Apple, the big thing for them is their performance in China. That was that that everybody's always looking to that. So apple about up about half a percent to their iPhone 17 series. It drove a 37% rise in monthly smartphone sales in China. This is from counterpoint research. The iPhone accounted for one in every four smartphones that were sold in the country in October, the first time it's hit that mark since 2022. It's really showing that Apple's year on year upgrades are starting to resonate with consumers."

The commentary on Apple (AAPL) underscores strong performance in China driven by the iPhone 17 series, with a notable 37% rise in monthly smartphone sales. This recent success, marking the first time an iPhone accounted for 25% of smartphone sales in China since 2022, bolsters a bullish outlook on the company's ability to maintain momentum in a competitive market.

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