Apple's newest iPhone 16 smartphones saw a stronger launch in China compared to 2023 models, a positive sign for the tech giant after months of concerns about ceding ground to local rivals in the world's biggest smartphone market.
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Apple's iPhone 16 sales in China look to have got off to a good start despite not having artificial-intelligence capabilities enabled.
Apple Inc (NASDAQ:AAPL, ETR:APC)'s latest iPhone 16 model has received a warmer reception in China compared to last year's iPhone 15 model. According to Counterpoint Research shared by Bloomberg, the iPhone 16 sold 20% more units in the first three weeks of its China launch than the 15 did in the same post-launch period.
24/7 Wall St. Insights iPhone sales have surged in China, the world's biggest smartphone market.
Dan Ives, senior equity analyst at Wedbush Securities, examines sales of Apple's newest iPhones in China rising 20% in their first three weeks compared with 2023's model. -------- More on Bloomberg Television and Markets Like this video?
These technology companies are leading the pack and could continue to do so for years to come.
Chinese consumers had previously shown relatively little interest in the iPhone 15, which was criticized for a lack of new features
Apple stock (NASDAQ: AAPL) has fared reasonably well this year, rising approximately 23% since January. With a current market cap of $3.5 trillion, Apple retains its title as the world's most valuable company, just edging out Nvidia.
Robust growth and an improving economy should help drive this tech stalwart to new heights.
Apple Inc's new iPhones got off to a strong start in China, with their sales rising 20% in their first three weeks since their launch compared with its 2023 model, according to data from research firm Counterpoint.
Trump made the comment while speaking with podcaster Patrick Bet-David in a program that was released on Thursday.