Latest news with #IvanLam
Time of India
20 hours ago
- Business
- Time of India
Apple gets 'good news' in China with its 'best two-month performance' since COVID-19 pandemic
Apple has got a 'good news' after getting setbacks for months in China. As per a report by a market research company, iPhone sales soared in May, reclaiming the top spot in China, while global sales surged by 15% year-on-year across April and May. This essentially marks the tech giant's strongest performance for this two-month period since the COVID-19 pandemic, news agency Reuters stated that data from Counterpoint Research. The report said that the global growth has primarily been fueled by a return to strong sales in Apple's two largest markets: China and the United States. "Q2 iPhone performance looks promising at the moment, but as always, swings either way are dictated by two markets - the US and China," noted Ivan Lam, Senior Analyst at Counterpoint Research. Discount on iPhones in China likely to have helped Apple bounce back Despite facing intense competition from domestic rivals in China, Apple's strategy, which included significant price cuts, appears to be paying off. In May, Chinese e-commerce platforms offered discounts of up to 2,530 yuan (approximately $351) on Apple's latest iPhone 16 models . This aggressive pricing helped foreign-branded phone shipments in China, predominantly Apple, rise to 3.52 million units in April, up slightly from 3.50 million a year earlier, based on data from the China Academy of Information and Communications Technology. The price cuts came as iPhone shipments in China dropped 9% in the first quarter of 2025, while domestic competitors Xiaomi and Huawei saw gains of 40% and 10% respectively, according to Reuters. For the first quarter of 2025, Apple's market share dropped to 14.1%, placing it fifth behind Chinese competitors Huawei (19.4%), Vivo (17%), Xiaomi (16.6%), and Oppo (14.6%). Further, Apple's performance beyond these key regions also boosted. The company saw double-digit sales increases in Japan, India and the Middle Eastern markets, partly aided by factors like tariff avoidance.
Yahoo
a day ago
- Business
- Yahoo
Apple Tops China's Market After Massive iPhone Discounts
June 13 - Apple (NASDAQ:AAPL) led China's smartphone market in May as iPhone sales surged, driven by discounts and strong demand, according to new data from Counterpoint Research. The iPhone maker recorded its best two-month performance in the country since the start of the COVID-19 pandemic. Global iPhone sales climbed 15% year over year across April and May, supported by strength in China and the U.S., with additional growth in Japan, India, and the Middle East. Aggressive price cuts helped lift Apple's sales in China. The company reduced prices on its iPhone 16 lineup by up to 2,530 yuan (about $351), in a bid to compete with local players such as Huawei. Analysts note the discounts helped restore momentum but may not be a sustainable strategy over the longer term. Data from China's telecom regulator also showed a slight rise in foreign-brand smartphone shipments in April, signaling steady consumer interest despite rising competition. Counterpoint's Ivan Lam said iPhone shipments for the second quarter appear promising, although future performance may hinge on sustained demand in Apple's two largest markets. Based on the one year price targets offered by 41 analysts, the average target price for Apple Inc is $231.02 with a high estimate of $300.00 and a low estimate of $141.00. The average target implies a upside of +15.97% from the current price of $199.20. Based on GuruFocus estimates, the estimated GF Value for Apple Inc in one year is $209.54, suggesting a upside of +5.19% from the current price of $199.20. This article first appeared on GuruFocus. Sign in to access your portfolio
Time of India
2 days ago
- Business
- Time of India
Apple's iPhone sales capture top spot in Chinese market in May, Counterpoint Research says
Apple 's iPhone sales rose to the top spot in China in May, with global sales growing 15% year-on-year during April and May in the tech giant's strongest performance for the two-month period since the COVID-19 pandemic, data from Counterpoint Research showed. The increase in global sales was primarily driven by a return to growth in Apple's two largest markets, China and the United States, preliminary data from Counterpoint Research showed. The company was aided in part by tariff dodgers and also saw double-digit increases in Japan, India and the Middle Eastern markets, Counterpoint said. "Q2 iPhone performance looks promising at the moment, but as always, swings either way are dictated by two markets - the U.S. and China," Ivan Lam, Senior Analyst at Counterpoint Research said. Calculations based on data from the government-affiliated China Academy of Information and Communications Technology showed that April shipments of foreign-branded phones in China rose to 3.52 million units from 3.50 million a year earlier. Apple has faced increased competition from domestic rivals in China and has resorted to price cuts to stay competitive. Chinese e-commerce platforms were offering discounts of up to 2,530 yuan ($351) on Apple's latest iPhone 16 models in May.
Time of India
2 days ago
- Business
- Time of India
Apple gets 'good news' in China with its 'best two-month performance' since COVID-19 pandemic
has got a 'good news' after getting setbacks for months in China. As per a report by a market research company, iPhone sales soared in May, reclaiming the top spot in China, while global sales surged by 15% year-on-year across April and May. Tired of too many ads? go ad free now This essentially marks the tech giant's strongest performance for this two-month period since the COVID-19 pandemic, news agency Reuters stated that data from Counterpoint Research. The report said that the global growth has primarily been fueled by a return to strong sales in Apple's two largest markets: China and the United States. "Q2 iPhone performance looks promising at the moment, but as always, swings either way are dictated by two markets - the US and China," noted Ivan Lam, Senior Analyst at Counterpoint Research. Discount on iPhones in China likely to have helped Apple bounce back Despite facing intense competition from domestic rivals in China, Apple's strategy, which included significant price cuts, appears to be paying off. In May, Chinese e-commerce platforms offered discounts of up to 2,530 yuan (approximately $351) on Apple's latest iPhone 16 models . This aggressive pricing helped foreign-branded phone shipments in China, predominantly Apple, rise to 3.52 million units in April, up slightly from 3.50 million a year earlier, based on data from the China Academy of Information and Communications Technology. The price cuts came as iPhone shipments in China dropped 9% in the first quarter of 2025, while domestic competitors Xiaomi and Huawei saw gains of 40% and 10% respectively, according to Reuters. For the first quarter of 2025, Apple's market share dropped to 14.1%, placing it fifth behind Chinese competitors Huawei (19.4%), Vivo (17%), Xiaomi (16.6%), and Oppo (14.6%). Further, Apple's performance beyond these key regions also boosted. The company saw double-digit sales increases in Japan, India and the Middle Eastern markets, partly aided by factors like tariff avoidance.
Yahoo
2 days ago
- Business
- Yahoo
Apple Grabs China iPhone Crown in May
Apple (NASDAQ:AAPL) snagged the top spot for iPhone sales in China in May as global shipments climbed 15% year-over-year in April and May, Counterpoint Research data shows. The rebound in Apple's two biggest marketsChina and the much of the gain, with China Academy of Information and Communications Technology figures backing up Counterpoint's findings: April foreign-brand phone shipments in China rose to 3.52 million units from 3.50 million a year earlier. Beyond North America and Greater China, Apple saw double-digit growth in Japan, India and Middle Eastern markets, reflecting successful tariff-dodge strategies and robust demand for its latest models. Counterpoint senior analyst Ivan Lam said Q2 looks promising but warned that swings either way are dictated by the U.S. and China, underscoring Apple's reliance on those two regions. Despite soaring sales, Apple still faces stiff competition from Huawei, vivo and other domestic brands that have ramped up marketing and value-priced handsets in China. Revenue impact hinges on whether Apple can sustain momentum against local rivals and manage its premium pricing in the face of broader economic pressures. The May surge follows Apple's strategic push to diversify its supply chainshifting more assembly to India and Vietnam to mitigate tariff risksand aggressive promotions in mature and emerging markets. With the iPhone 15 lineup mid-cycle and iOS 18 beta testing underway, Apple is betting that software upgrades and services bundling can reinforce hardware appeal. Why It Matters: Dominating Chinaa market that accounts for roughly 20% of Apple's revenuesignals healthy demand for high-end smartphones and could bolster Apple's overall growth outlook amid macro headwinds. This article first appeared on GuruFocus.
