Connect with us

Hi, what are you looking for?

Capital Business
Capital Business

Gadgets & Apps

Apple Q3 iPhone shipments surge 40 pct in China: survey

About 11 million iPhones were sold in China from July to September compared to eight million in the same period last year, research firm Canalys said in a report.

ShanghaiChina, Oct 30 – Apple has ended an 18-month slump in iPhone sales in China with a 40 percent surge in shipments in the third quarter, according to a private survey released Monday.

About 11 million iPhones were sold in China from July to September compared to eight million in the same period last year, research firm Canalys said in a report.

Apple had negative year-on-year growth in China for the previous six quarters.

The uptick in deliveries came even though the country’s overall market declined five percent in the same quarter.

“The high sell-in caters to the pent-up demand of iPhone upgraders in the absence of the iPhone X,” said Canalys analyst Mo Jia, adding that price cuts on earlier models after the announcement of the iPhone 8 also helped.

But Apple’s iPhone shipments still lag far behind domestic rivals, with the company ranked only fifth on the mainland behind Huawei, Oppo, Vivo and Xiaomi.

Third-quarter growth was only temporary, according to Mo, predicting that Apple was unlikely to sustain such momentum in Q4.

Apple will launch the iPhone X early next month. Excitement is already building in China, with investors snapping up pre-orders just minutes after they became available last week.

“The iPhone X will enjoy a healthy grey market status, but its popularity is unlikely to help Apple in the short term,” said Mo.

China was once Apple’s biggest overseas market outside the Americas, but it was overtaken by the European market last year, according to the company’s earnings report.

Advertisement. Scroll to continue reading.
Click to comment
Advertisement

More on Capital Business

Executive Lifestyle

NAIROBI, Kenya, Mar 12 – The country’s super wealthy individuals are increasing their holding of bonds, gold and cash, a new report by Knight...

Ask Kirubi

NAIROBI, Kenya, Mar 9 – Businessman and industrialist Dr. Chris Kirubi has urged members of the public to exercise extreme caution when making any...

Ask Kirubi

NAIROBI, Kenya, Mar 24 – Businessman and industrialist Dr. Chris Kirubi is set to own half of Centum Investment Company PLC, following a go-ahead...

Ask Kirubi

It is without a doubt that the COVID-19 pandemic has caught the whole world by surprise. Although its full impact is yet to be...

Headlines

NAIROBI, Kenya, Mar 18 – Commercial Banks have been ordered to provide relief to borrowers on their personal loans, with loans eligible from March...

Kenya

NAIROBI, Kenya, Jun17 – Kenya’s tea leaves manufacturer Kericho Gold, has been awarded the Superbrands Seal by Superbrands East Africa for their quality variety...

Coronavirus

NAIROBI, Kenya, Apr 13 – As the local telecommunications industry gears up to roll out 5G networks in the country, the Communications Authority of...

Coronavirus

NAIROBI, Kenya, Mar 22 – Airtel Kenya is offering free internet access for students in order to enable continued learning at home in the...