Apple (AAPL) captured a quarter of China’s smartphone sales in October, with iPhone sales surging 37% year over year thanks to strong demand for the iPhone 17 lineup, Reuters reports. Data from research firm Counterpoint shows the new models drove over 80% of Apple’s unit sales and are expected to lift revenue further as average selling prices rise.
TipRanks Black Friday Sale
- Claim 60% off TipRanks Premium for the data-backed insights and research tools you need to invest with confidence.
- Subscribe to TipRanks' Smart Investor Picks and see our data in action through our high-performing model portfolio - now also 60% off
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on AAPL:
- EU to decide whether AWS, Azure face DMA restrictions, Bloomberg reports
- Xiaomi Reports First Profit From EV Business
- Apple Takes 25% of China Phone Market on iPhone 17 Success
- ‘Copycat!’ Elon Musk Slams Jeff Bezos After AI Startup Prometheus Launch
- iPhone Air designer leaves Apple for AI startup, Bloomberg reports