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CMB Stock News Of The Day šŸ“°šŸ—žļøšŸ—žļøšŸ“ˆšŸ“‰

ā€œApple Gains Momentum in China as iPhone Tops Urban Sales Rankingsā€ 🚨🚨🚨


Apple reported strong second-quarter earnings, highlighting accelerating growth in China where the company is closing in on the top position in the world’s largest smartphone market.


CEO Tim Cook said the company is ā€œthrilled with the performance in Greater China,ā€ noting that the iPhone became the top-selling smartphone model in urban China.


According to IDC and Counterpoint Research, Apple captured about 19% of smartphone shipments in China during the first quarter of 2026, narrowly trailing Huawei at 20%. Analysts suggest Apple could soon overtake its rival as rising memory chip costs increase prices for competing devices.


Apple’s China revenue surged 28% in the March quarter, exceeding Wall Street expectations, and is up 33% in the first half of the year—signaling renewed strength in a critical market.


The performance underscores Apple’s improving competitive position in China despite intense local competition and shifting consumer demand.

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