Apple’s iPhone accounted for one in every four smartphones sold in China in October, as sales jumped 37% year-over-year on strong demand for the iPhone 17 series, data from research firm Counterpoint showed on Tuesday.
Reuters:
Apple last achieved this market share milestone in 2022 when competition in the premium segment was weaker.
China’s overall smartphone sell-through grew 8% year-over-year in October, driven by Apple and domestic manufacturers, data showed. All three iPhone 17 variants posted mid-to-high double-digit percentage growth, led by the base variant, Counterpoint said.
New iPhone models accounted for more than 80% of Apple’s unit sales, Counterpoint senior analyst Ivan Lam said. “We’re likely to see growth amplified as rising ASPs (average selling price) push the top line higher.”
Apple’s momentum points to a record December quarter, the research firm said.
MacDailyNews Take: Should bode well for AAPL, after yesterday’s Buffett sales ding.
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