CMB Stock News Of The Day 📰🗞️🗞️📈📉

“Apple Captures 25% of China’s Smartphone Market as iPhone 17 Sales Surge” 🚨🚨🚨

Apple’s AAPL $268.27 (-1.82%) has scored a major win in the world’s largest smartphone market, with new data from Counterpoint Research showing that iPhones accounted for one out of every four smartphones sold in China during October. That 25% share marks a sharp jump from 19% just one year ago — a sign of renewed momentum for the tech giant in a highly competitive landscape.

The overall smartphone market in China grew 8% year-over-year, but Apple’s performance stood out thanks to exceptionally strong demand for the iPhone 17 lineup. Analysts say it’s Apple’s best opening to a holiday quarter in China on record, a crucial period that often determines the company’s global performance.

The entire iPhone 17 family — including the base model, Pro, and Pro Max — posted mid- to high-double-digit growth compared with last year’s iPhone 16 cycle. Counterpoint attributes the surge to improved camera systems, new AI-driven features, and aggressive trade-in promotions that resonated with upgrade customers.

With geopolitical tensions, domestic competition, and a cooling Chinese economy all posing challenges, Apple’s latest growth spurt suggests the company is still capable of commanding massive consumer interest when it delivers meaningful upgrades.

If the momentum continues through December, analysts expect Apple to post one of its strongest quarters in the Chinese market in years.