Haters Gonna Hate: iPhone Sales Going Up in China
Sales of Apple’s iPhone are once again going up in China after previously declining dramatically year-over-year.
A note sent to clients by UBS analyst Timothy Arcuri indicates that the decline of the iPhone YoY in April was reduced to only 3 percent, whereas in the first three months of 2019, the performance was down 66 percent.
The analyst says the market increased 6 percent last month, and May will represent an important moment for Apple regarding the 2019 sales performance of the iPhone in China, mostly because the market could be impacted by the new tariffs set in place by the United States.
“One of the reasons Apple CEO cited for China improvement was increased consumer confidence due to easing of US-China trade tensions. However, in recent days, trade tensions have escalated and it bears watching whether this affects China consumer sentiment; supply chain checks the past few … (read more)