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Apple Seeing Surging China iPhone Demand, Analyst Says

Barrons2021-08-19

Apple is seeing huge demand for iPhones in China, a positive sign as the company heads into the expected launch of a new version of its flagship product sometime in September.

In a research note, Morgan Stanley analyst Katy Huberty writes that based on disclosures from China’s Academy for Information and Communications Technology, she estimates Apple’s (ticker: AAPL) iPhone shipments in China in July were up 79% on a year-over-year basis, while China’s own handset vendors saw just a 27% increase over the same period. She also estimates that Apple grew its share of the installed base of smartphones in China by 90 basis points in the latest month to 20.7%, a 27-month high. (A basis point is 1/100th of a percentage point.)

Huberty estimates that both Samsung Electronics and Huawei Technologies lost market share in China in the latest month, with small market-share gains for the domestic phone makers Oppo, Vivo, and Xiaomi.

She says that the iPhone 12 and iPhone 12 Pro Max are the most popular models in China, but that iPhone 11 sales remain “resilient.”

“We believe these data points support our view that the iPhone can see continued shipment strength after the launch of the new iPhone 13 model” this fall, she writes.

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.

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  • Investcub
    ·2021-08-19
    Not sure if it’s wise to increase positions now as the price has increased….
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  • SaveHK
    ·2021-08-19
    All the way to the moon..?????
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  • imsomeonelse
    ·2021-08-19
    Interesting 
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  • Beez1119
    ·2021-08-19
    [微笑] 
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  • ApacheFire
    ·2021-08-19
    Long term okay….short term also okay….should wait for price to drop?
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    • Zwei2
      yeah
      2021-08-19
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  • FlareSpark
    ·2021-08-19
    Buy
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    • elroykoh
      good
      2021-08-19
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  • Sporekid
    ·2021-08-19
    Hmm like and comment pls
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  • Cyn198
    ·2021-08-19
    Good read 
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  • SkyMah
    ·2021-08-19
    Like pls
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    • Evanchills
      like and comment back
      2021-08-19
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  • Shyon
    ·2021-08-19
    Right
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  • Yappydappy
    ·2021-08-19
    Cool
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    • Shyon
      Yo
      2021-08-19
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  • skylander
    ·2021-08-19
    Like like pls
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  • Cyberkien
    ·2021-08-19
    New iPhone coming ? 
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    • skylander
      every year
      2021-08-19
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  • TheRealGSY
    ·2021-08-19
    Like please
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  • Wroy
    ·2021-08-19
    like pls
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  • WarenKong
    ·2021-08-19
    Like n comment
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    • quantarize
      like too thx
      2021-08-19
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    • kerukel88
      Ok
      2021-08-19
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    • Wroy
      comment
      2021-08-19
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  • Butt3rc00ki3
    ·2021-08-19
    Like
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    • WarenKong
      Lole n comment
      2021-08-19
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  • Don3
    ·2021-08-19
    Good news for the investors.
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  • yiyirox
    ·2021-08-19
    Ok
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  • Roticanai
    ·2021-08-19
    Like
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    • milltheongz
      Comment
      2021-08-19
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    • Sing2me
      Like n Comment
      2021-08-19
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    • yiyirox
      ok
      2021-08-19
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