Apple iPhone shipments in Chin-To The Moon - Tiger Brokers Online Investing Community - To The Moon

Apple iPhone shipments in China 'surged' in June, following COVID-lockdowns: report

Apple (NASDAQ:AAPL) $Apple(AAPL)$iPhone shipments likely soared in China in June after the country started to emerge from its COVID-related lockdowns, Bloomberg reported on Wednesday.

The news outlet, citing official data, shows that mobile phone shipments in the country rose 9.2% in June, thanks to Apple (AAPL) and Samsung (OTCPK:SSNLF). Conversely, Xiaomi, Oppo and vivo fell 0.5%, according to the data.

The data showed that Apple (AAPL) now has the fourth-largest market share, suggesting the majority of the demand was iPhone-related.

On Monday, research firm Canalys said Apple (AAPL) had 17% of the global smartphone market at the end of the second quarter, partially due to demand for the iPhone 13.

Apple (AAPL) is slated to report fiscal third-quarter results on July 28. Investment firm Wedbush Securities recently said Apple (AAPL) is likely to meet fiscal third-quarter results, but investors will be paying attention to demand, especially with the iPhone 14 getting ready to launch in the fall.

Apple to slow hiring = A possible "Earnings Miss"?

Apple is reportedly to slow spending in some areas next year and scale back hiring initiatives... With its earnings report to be released on July 28, does this mean Apple will possibly MISS on expectations? What're your takes? Share to win coins!

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

bigmama
2022-07-22
bigmama
[Like]
Bin8
2022-07-22
Bin8
ok
Biao1818
2022-07-22
Biao1818
Ok
nagnauq
2022-07-22
nagnauq
Tks
IMRainmaker
2022-07-22
IMRainmaker
Ok
AlfonsoDex
2022-07-22
AlfonsoDex
ok

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6

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