Apple's iPhone sales in China jump 52% in April, data shows

New report shows Samsung’s Galaxy S24 Series is dominating AI smartphone market

According to a report from Counterpoint Research, Samsung's Galaxy S24 Series dominated the generative AI-capable smartphone market in the first quarter of this year.

The firm said the latest research from its Global Handset Model Sales Tracker shows GenAI-capable smartphones contributed 6% to global smartphone sales in Q1 2024, a... More

Apple: Evercore weighs on the impact EU DMA Implementation has on App Store

Evercore ISI recently evaluated the effects of Apple's (NASDAQ: AAPL) compliance with the European Union's Digital Markets Act (DMA) on App Store sales.

Despite significant regulatory changes implemented in early March, their analysis indicates minimal impact on revenue from the EU App Store, which accounts for approximately $1.2... More

Evercore ISI Reiterates Outperform Rating on Apple (AAPL)

Evercore ISI analyst Amit Daryanani reiterated an Outperform rating and $220.00 price target on Apple (NASDAQ: AAPL).

The analyst comments "The Chinese smartphone market was up ~29% y/y in April, a notable improvement vs the -5.5% reported in March. CAICT data suggests MNC shipments (read: Apple) were up ~52% y/y (total 3.5M units) an acceleration vs the +12% reported in March. There is likely an element of refilling the... More

JPMorgan Reiterates Overweight Rating on Apple (AAPL)

JPMorgan analyst Samik Chatterjee reiterated an Overweight rating and $225.00 price target on Apple (NASDAQ: AAPL)

The analyst comments "Post F2Q24 earnings results in which Greater China saw better than feared revenue, the latest data for April continues to show an improving trajectory for iPhone shipments in China, even though a... More

CFRA Reiterates Buy Rating on Apple (AAPL)

CFRA analyst Angelo Zino reiterated a Buy rating and $210.00 price target on Apple (NASDAQ: AAPL).

The analyst comments "Workhorse missed 1Q24 revenue forecasts on slow deliveries. Shares out have increased by 61m (as of May 9) since the 315m outstanding at the end of 2023,... More

Apple (AAPL) has initiated smartphone price wars in China: Jefferies

Analysts at Jefferies believe Apple (NASDAQ: AAPL) has created significant pricing pressure on the local brands in China, given its recent iPhone discounts.

The investment firm said that steep 618 shopping day festival discounts on the iPhone 15 series are putting pressure on Android and Huawei, with the price... More

Apple stock gains as new data shows an iPhone sales rebound in China

(Updated - May 28, 2024 6:47 AM EDT)

Apple's (NASDAQ: AAPL) smartphone shipments in China surged by 52% in April compared to the previous year, continuing the rebound observed in the previous month, according to Reuters, citing the data from a Chinese government-affiliated research firm.

Apple stock rose 2.2% on the news.

The China Academy... More