UBS: Overall iPhone demand in China was up 230% in September

UBS analyst Timothy Arcuri, in a note to clients, estimates iPhone demand in China was up 230% in September, Philip Elmer-DeWitt reports for Apple 3.0:

Monthly government data suggests overall iPhone demand in China was strong in the month of September, up ~230% vs. ~110% monthly growth last September… A stronger sell-through combined with our supply chain work leads us to believe there is upside to our current iPhone unit estimate of flat for the Dec. quarter and flat Y/Y in F20… Several factors are contributing to strong iPhone demand including a better trade-in program from Apple, a more attractive price-point for the base model, services bundle with hardware, and given the largest mix of phones in the install base (iPhone 7) is three generations old.

MacDailyNews Take: Boom!

Arcuri reiterated his buy rating and $235 price target on Apple shares.


  1. How much does Apple’s new iPhone 11 cost in China, and how much does it cost here in the US? Do Americans pay many more dollar$, a premium, so that Communist Chinese citizens pay only pennies in comparison? It seems that Apple’s leadership is sucking up — on its knees — to the Chinese Communist Party, and we Americans must pay for it.

    So, Apple, what’s the story?

    Is it a GOOD THING that Trump is keeping some of the tariffs active for Apple products made in China? Sounds like it. Tell us the truth, do you LOVE the Chinese Communist Party, or do you care for your fellow American citizens, and not simply for our buck$?

    C’mon Tim, are you an American, or do you just live here?

    Truth in advertising: I own a BUNCH of Apple shares!

      1. More “truth in advertising”: my mother was taken from Stalin’s USSR for slave labor in Hitler’s Nazi Germany. She saw BOTH sides of socialism, and the fawning stupidity and ignorance that feeds into it, such as Tim Cook’s.

  2. Analyst Arcuri notes a 130% month increase over last yrs iPh China sales and maintains his $235 “buy” rating. Hmmm, I guess his price was already baked in, so it wasn’t really news, or he needs to see a 150-175+% increase to get him beyond $235 (todays price, btw)?

    IS he napping, bored, or just non-plussed about this solid, share-price-influencing news?

  3. I’m sure those figures are already baked into Apple’s current share price so don’t look for any significant jump in Apple stock. Better to just sit back and wait for quarterly earnings and live with that. I think Apple is really trying to move more products, so I’m not concerned about earnings being weak this time around.

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