"Apple Inc.'s iPhone 17 series drove a 37% rise in its monthly smartphone sales in China, signaling strong momentum in a key market. iPhones accounted for one in every four smartphones sold in the country in October, the first time it's hit that threshold since 2022, according to Counterpoint Research. The figures suggest Apple's year-on-year upgrades are resonating with consumers and support Chief Executive Officer Tim Cook's prediction that the company will return to growth in China this quarter."
"Each of the successor models, from the 5,999-yuan (about $850) iPhone 17 to the 8,999-yuan 17 Pro Max, outperformed its iPhone 16 precursor in sales by a double-digit percentage, according to Counterpoint. Apple's performance lifted China's long-sluggish smartphone market, stuck in a rut even government subsidies couldn't shake, to 8% growth. The share of new model iPhones is at over 80% of Apple's unit sales, Counterpoint analyst Ivan Lam said. We're likely to see growth amplified as rising ASPs push the top-line higher."
Apple's iPhone 17 series drove a 37% rise in monthly smartphone sales in China and reached one in every four phones sold in October, the first since 2022. Successor models from the 5,999-yuan iPhone 17 to the 8,999-yuan 17 Pro Max outperformed iPhone 16 models by double-digit percentages. Apple's gains lifted China's smartphone market to 8% growth. New-model iPhones account for over 80% of Apple's unit sales, and rising average selling prices are likely to amplify revenue. Oppo sales grew 19% led by the Find X9. Huawei slipped 19% but remains a formidable rival with an upcoming Mate 80 launch.
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