CMB Stock News Of The Day š°šļøšļøšš
- Yung Goonie
- 1 hour ago
- 1 min read
āApple Gains Momentum in China as iPhone Tops Urban Sales Rankingsā šØšØšØ
Apple reported strong second-quarter earnings, highlighting accelerating growth in China where the company is closing in on the top position in the worldās largest smartphone market.
CEO Tim Cook said the company is āthrilled 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.
Appleās China revenue surged 28% in the March quarter, exceeding Wall Street expectations, and is up 33% in the first half of the yearāsignaling renewed strength in a critical market.
The performance underscores Appleās improving competitive position in China despite intense local competition and shifting consumer demand.
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