Apple shipped 3.2 million iPhones in China through December, boosting sales dramatically despite the trade war between the world’s biggest economies, marking a significant rise in the company’s market stake.
Apple’s iPhone sales in China rose more than 18% last month, according to CNBC calculations using government data published by the China Academy of Information and Communications Technology, a government think tank. The iPhone manufacturer shipped 3.2 million of their phones in China through December – up from 2.7 million units shipped in December 2018, according to the data.
Apple stock rose more than 2% on the news Thursday, reaching a new all-time high of $309.63 when markets closed.
In Q1 2019 Apple reported revenue from China of $13.17 billion, down $5 billion from the same time period in 2018.
According to November data from Counterpoint Research, Apple had just 8 percent of the market share in China during the third quarter of 2019, down from 9 percent during the same time period in 2018. Huawei remains ahead of other companies in their home market with a 40 percent share, trailed by Vivo, Oppo and Xiaomi.
Sourse: sputniknews.com
