“Apple’s iPhone X is not only pushing existing customers in China to adopt the new luxury phone, but is even causing people to switch away from different brands, according to Morgan Stanley,” Thomas Franck reports for CNBC. “The combination of faster iPhone X adoption by Apple users and the increased switching rate is ‘accelerating’ Apple’s market share in China, one of the globe’s most valuable mobile markets.”
“‘Additional data show that iPhone X adoption in China is on a faster pace than the iPhone 8 and 8 Plus … Despite faster penetration of iPhone X vs. iPhone 8/8 Plus, we believe there remains significant pent-up demand from the base of 2+ year old iPhone owners,’ wrote analyst Katy Huberty on Thursday,” Franck reports.
“Huberty explained that nearly half of Apple users in China who have already purchased the iPhone X upgraded from the iPhone 7 and 7 Plus, leaving a long ‘runway’ of customers with phones older than two years,” Franck reports. “Apple ‘remains our top pick entering 2018,’ Huberty added.”
Read more in the full article here.
MacDailyNews Take: Even the fragmandroid settlers can now see iPhone knockoffs for the dog-slow, derivative, insecure shams they are.
SEE ALSO:
The 3 top reasons why people dump Android and upgrade to Apple’s iPhone – December 6, 2017
Why a huge and growing number of Android users want to upgrade to Apple’s iPhone – December 5, 2017
Apple iPhone X still excites one month in: More powerful than an iPhone Plus in a killer form factor – December 4, 2017
A month with the iPhone X: What I love (and hate) – December 1, 2017
M.G. Siegler reviews Apple’s iPhone X: Certainly the best smartphone I have ever used, despite the weird and awkward notch – November 21, 2017
Terry White reviews Apple’s iPhone X: Worth the wait – November 20, 2017
Computerworld reviews Apple’s iPhone X: The smartphone on the market today and the one best one for business, too – November 17, 2017
Samsung Galaxy S9 benchmarks leak and Apple’s iPhone X thoroughly nukes them – November 16, 2017
Apple’s iPhone X destroys Android’s very best smartphones; makes Samsung Galaxy Note 8 seem obsolete – November 15, 2017
ZDNet reviews Apple’s iPhone X: The best smartphone – November 13, 2017
ZDNet’s Miller: After 10 days with Apple’s iPhone X, it’s clear its the best smartphone. Period. – November 13, 2017
Michael Gartenberg: iPhone X is the best smartphone you can buy today, and likely tomorrow; Apple is now a full generation ahead of their competitors – November 10, 2017
T3 reviews Apple’s iPhone X: Brilliant, five stars, 2017’s best smartphone – November 8, 2017
DisplayMate: Apple’s iPhone X has the most color accurate display we’ve ever measured; it is visually indistinguishable from perfect – November 8, 2017
Ars Technica reviews iPhone X: Easy to recommend if you want a glimpse at the future – November 3, 2017
iMore reviews iPhone X: The best damn product Apple has ever made – November 2, 2017
TechCrunch reviews Apple’s iPhone X: ‘Like using the future of smartphones, today’ – November 1, 2017
The Independent reviews Apple’s iPhone X: ‘This feels like the future’ – October 31, 2017
David Pogue reviews Apple’s iPhone X: ‘The best thing is its size’ – October 31, 2017
Forbes reviews Apple’s iPhone X: Opulent, gorgeous, classy; the best iPhone yet – October 31, 2017
CNBC reviews Apple’s iPhone X: ‘The best smartphone on the market’ – October 31, 2017
iPhone 8’s Apple A11 Bionic chip so destroys Android phones that Geekbench creator can’t even believe it – September 30, 2017
Apple’s A11 Bionic chip is by far the highest-performing system on the market; totally destroys Android phones – September 19, 2017
Apple’s A11 Bionic chip in iPhone 8, 8 Plus, and iPhone X leaves Android phones choking in the dust – September 18, 2017
The inside story of Apple’s amazing A11 Bionic chip – September 18, 2017
Apple’s A11 Bionic obliterates top chips from Qualcomm, Samsung and Huawei – September 18, 2017
Apple accelerates mobile processor dominance with A11 Bionic; benchmarks faster than 13-inch MacBook Pro – September 15, 2017
Apple’s A11 Bionic chip in iPhone X and iPhone 8/Plus on par with 2017 MacBook Pro – September 14, 2017
AAPL is SO FckeD Now. Doomed. /s … AAPL owner since 1995.
What part of “YOU are the product” when it comes to Google don’t you people understand?
Don’t even get me started with Amazone….. iChalk it up to consumer ignorance. Wire tapping your own home is BRILLIANT! Just wait till Amazone raises its Prime membership rate next year. Their business model is unsustainable in its current form. What is their P/E? nuff said. Numbers don’t lie.
Most people around the world don’t care if Google or Amazon uses their personal data. Most users only want inexpensive Android smartphones and “free” services. Wall Street rates both Amazon and Google as having more value than Apple so it’s Apple shareholders who are the big losers. Privacy means nothing to the big investors. Only Apple is seen as the biggest loser for trying to protect consumers’ privacy.
Wall Street thinks the best thing in the world is for everyone to have listening devices in every room in their homes. I sure don’t want it but I suppose most people do. Using listening devices isn’t really wire-tapping because consumers are legally and happily installing listening devices into their homes because they actually want a device listening to them. They believe have nothing to hide.
A Nomura analyst has already downgraded Apple right from the start, so it probably shouldn’t be considered as a top pick for 2018. None of the FANG stocks have been downgraded and probably never will be. Even Microsoft is being praised as a better investment than Apple. Apple will soon be sitting on a repatriated overseas tax windfall of around $200B and was still downgraded. I think that basically tells the whole story of why Apple shouldn’t be considered a top pick. Someone will always find some fault with Apple that won’t necessarily affect other major tech companies.
Ha ha ha
Katy Huberty & Morgan Stanley were generally bashing Apple all the while I was buying it on the way up, from less than $1 (adjusted) in 2003. Ha ha ha. Way to call ‘em !
Since you invested contrarian to Morgan Stanley (and ‘winning’) are you now considering selling AAPL?
Why would anyone base an investment on someone _else’s_ bad, adverse, or negative assessment? The only logical way to invest is based on one’s own assessment & opinion.
Same goes for selling as it does for buying. Katy Huberty & Morgan Stanley had/have nothing to go with it, either way.
I just chuckle that they gave such consistently bad “professional” advice to their clients gorduch a long time.