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Even before the iPhone 16 hits the streets, the latest research from investment firm JP Morgan shows that iPhone sales are continuing to increase in China, helped in part by a recovering smartphone market in the region.
iPhone 16 Pro is expected to benefit from an upgrade super cycle
iPhone 16 Pro is expected to benefit from an upgrade super cycle
In the last couple of months, JP Morgan has told its investor clients that Apple’s problems in China were increasing, but that it would recover. Then after WWDC‘s announcements, JP Morgan raised its Apple stock price to $245 in anticipation of a strong upgrade cycle for the iPhone 16 range because of the forthcoming Apple Intelligence.
Now it’s reporting that sales in China have already begun to improve. Specifically for the latest data covering May 2024, JP Morgan says that sales are already increasing.
Go Here to Read this Fast! There are more signs of iPhone sales recovery in China
Originally appeared here:
There are more signs of iPhone sales recovery in China
