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Apple's iPhone shipments in China surge 20% in Q1, data shows
Counterpoint Research said Apple outpaced rivals as Huawei and Vivo rose 2% each while Xiaomi fell 35% and the market weakened.
- Apple's iPhone shipments surged 20% in China during the first quarter, marking the strongest growth among major vendors despite an overall 4% market decline, according to Counterpoint Research.
- Supply chain disruptions and soaring memory chip costs drove the broader market contraction, though telecoms giant Huawei and Apple bucked the trend, reporting growth of 2% and 20% respectively.
- Rival Xiaomi slipped to sixth place with a 35% plunge in shipments, while Oppo and Honor fell 5% and 3% respectively; Vivo saw a 2% rise, buoyed by strong Lunar New Year holiday sales.
- Counterpoint Research senior analyst Ivan Lam expects Apple and Huawei to "fare relatively better," as vendors raise prices for budget handsets to protect margins against elevated memory chip costs.
- Apple is scheduled to report fiscal 2026 second-quarter results on April 30, with Wedbush analyst Dan Ives maintaining a $350 price target suggesting potential gains of 30% over the coming year.
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Apple Continues to Gain Market Share in China. Here's What It Means for Investors.
Key PointsSmartphone sales are falling in China, but Apple's sales grew.This marks an ongoing trend, as the iPhone maker continues to take market share from its rivals. Wall Street's growth estimates are conservative, suggesting there could be additional upside for investors. 10 stocks we like better than Apple › The past few years have been rife with uncertainty for Apple (NASDAQ: AAPL). The impact of inflation on consumer demand, tariffs, risi…
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Apple stock rises as China iPhone surge defies market slowdown
Coverage Details
Total News Sources12
Leaning Left3Leaning Right0Center3Last UpdatedBias Distribution50% Left, 50% Center
Bias Distribution
- 50% of the sources lean Left, 50% of the sources are Center
50% Center
L 50%
C 50%
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