Chinese iPhone demand is more stable than expected

While sales of the iPhone are down in China, new research claims that they have recently stabilized, and overall smartphone demand may even be about to rise.

Declining iPhone sales in China have been portrayed as a key one of the many pressures on Apple. The decline is significant enough that Tim Cook even had to spin the figures a little in the latest earnings report.

Then generally, investors have predicted that problems in China are increasing — but also that there are signs of potential recovery. Now investment firm TD Cowen, in a note seen by AppleInsider, paints a picture of the Chinese market stabilizing.

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