Evercore insights: Apple's rising growth amid China's smartphone boom
) recently provided a detailed look into the performance of the Chinese smartphone market, highlighting a second consecutive month of accelerating shipments. According to the analysis, the market saw a significant year-on-year increase of roughly 29% in April, a noteworthy improvement from the 5.5% downturn reported in March.
This uptick should assuage investor concerns regarding Apple's market share risk in China. While Huawei is becoming increasingly competitive in the market's high end, their gains seem to be primarily at the expense of other players. Apple reported that its mainland China iPhone revenue remained stable year-on-year in the first quarter.
Apple accounts for over 90% of MNC shipments, making it a reasonable proxy for understanding market trends now that shipment data is no longer broken down by operating system. In conclusion, Apple's market performance in China seems to be faring much better than anticipated. If China's market remains relatively stable, Evercore ISI predicts that emerging markets, coupled with the AI super cycle, could result in solid growth for the iPhone in FY25 and beyond.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Evercore convinced Apple’s 'measured approach' to AI will reap rewardsEvercore convinced Apple’s 'measured approach' to AI will reap rewards
Read more »
Evercore ISI adds 2 IT stocks to its top picks list ahead of earningsEvercore ISI adds 2 IT stocks to its top picks list ahead of earnings
Read more »
Apple releases tvOS 17.5.1 update to Apple TV usersA week after releasing tvOS 17.5 to all users, Apple is making available a new tvOS 17.5.1 update. It's unclear what's changed.
Read more »
Apple celebrates World Meditation Day with exclusive Apple Watch AwardTo celebrate today's World Meditation Day, Apple Watch users can earn a new limited-edition award for the occasion.
Read more »
Apple vs Spotify: Apple fights back on huge $2 billion EU antitrust fineIzzy, a tech enthusiast and a key part of the PhoneArena team, specializes in delivering the latest mobile tech news and finding the best tech deals. Her interests extend to cybersecurity, phone design innovations, and camera capabilities.
Read more »
Nvidia beating earnings per share expectations is worst-kept secret on Wall Street, says Evercore ISIWall Street may be banking on Nvidia beating earnings, but how the stock will react is less clear, says Evercore ISI.
Read more »