A flurry of discount offers on the shelves of major Chinese retail chains led to a jump in demand for iPhone phones in April. The latest data from the Chinese Academy of Information and Communication Technology showed that smartphone sales in China rose 52%, erasing some of the slump seen earlier in the year. The low price base (due to lower demand), combined with the June 18 Chinese shopping festival, is laying the groundwork for an extension of better sales momentum in China in the coming month.
Analysts at Bloomberg Intelligence say data from a recent survey indicates a willingness to move to higher-end phones, including the iPhone brand, due to the long wait for Huawei's premium models.
Apple (AAPL.US) shares are currently gaining 1.85% ahead of the Wall Street open. Source: xStation 5
OpenAI heads into a price war ahead of an IPO?
US OPEN: A recovery after declines, Trump threatens to resume fighting with Iran
Market wrap: European stock indices try to rebound 📈 WizzAir surges 6% after earnings
The ECB set to hike as SpaceX gets ready for take off
This content has been created by XTB S.A. This service is provided by XTB S.A., with its registered office in Warsaw, at Prosta 67, 00-838 Warsaw, Poland, entered in the register of entrepreneurs of the National Court Register (Krajowy Rejestr Sądowy) conducted by District Court for the Capital City of Warsaw, XII Commercial Division of the National Court Register under KRS number 0000217580, REGON number 015803782 and Tax Identification Number (NIP) 527-24-43-955, with the fully paid up share capital in the amount of PLN 5.869.181,75. XTB S.A. conducts brokerage activities on the basis of the license granted by Polish Securities and Exchange Commission on 8th November 2005 No. DDM-M-4021-57-1/2005 and is supervised by Polish Supervision Authority.
