Apple Performance Drives Chinese Smartphone Market
According to a recent Reuters report, the number of Apple (NASDAQ) smartphone deliveries in China soared by 52% in April compared to the same period last year. This upward trend follows the growth observed the previous month, sparking renewed investor interest.
Chinese Academy of Information and Communications Technology (CAICT) Reports Strong Growth
Information from the Chinese Academy of Information and Communications Technology (CAICT), an organization associated with the government, shows that shipments of international brand smartphones in China totaled 3.495 million devices in April, an increase from 2.301 million devices during the same period last year.
Apple Leads the Pack: Possible Involvement in Growth
While the report does not explicitly mention Apple, the US tech giant is generally considered the primary international player in the Chinese smartphone market. It is therefore plausible that the remarkable increase in deliveries of international brands can be mainly attributed to Apple’s performance.
Rebound After a Period of Uneven Performance
This significant growth comes after a period of mixed performances earlier in the year in the world’s largest smartphone market, where Apple faces increased competition from domestic manufacturers of high-end smartphones, notably Huawei.
Market Reaction: 1.55% Increase in Apple Stock Value
In response to these positive developments, Apple’s stock value opened up 0.7% before rising at 1.55% at 3:08 PM Paris time.
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