Apple iPhone supply chain checks show ‘clear stabilization of demand’ in China

Recent checks into the iPhone supply chain suggest that Apple is seeing a “clear stabilization of demand” in China, Wedbush Securities’ analyst Daniel Ives says.
Chris Ciaccia for Seeking Alpha:
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It’s likely that the iPhone will see some “incremental growth” this year, which Wedbush analyst Dan Ives said speaks to the idea that the iPhone 15 “is catalyzing an upgrade cycle that will exceed Street expectations,” adding that between 225M and 230M iPhone units should be shipped this year.
“While the China demise narrative has been the black cloud over the Apple story, we are expecting iPhones to show year over year growth during the Lunar New Year in China as some promotions and a stepped up marketing campaign by Apple has been very successful in mainland China,” Ives, who has an Outperform rating on Apple, wrote in a note.

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MacDailyNews Take: Ives predicts that Apple will have a $4 trillion market cap a year from now:

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