Apple takes 25% share of China smartphone market in October on strong iPhone 17 demand

Apple’s iPhone 17 Pro
Apple’s iPhone accounted for one in every four smartphones sold in China in October, as ​sales jumped 37% year-over-year on strong ‌demand for the iPhone 17 series, data from research firm Counterpoint showed on Tuesday.
Reuters:
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Apple last ‌achieved this market share milestone in 2022 when competition in the premium segment was weaker.
China’s overall smartphone sell-through grew 8% year-over-year in October, driven by Apple and domestic manufacturers, data showed. ⁠All three iPhone 17 ‌variants posted mid-to-high double-digit percentage growth, led by the base variant, Counterpoint said.
New iPhone models ‍accounted for more than 80% of Apple’s unit sales, Counterpoint senior analyst Ivan Lam said. “We’re likely to see growth amplified as ​rising ASPs (average selling price) push the top line ‌higher.”
Apple’s momentum points to a record December quarter, the research firm said.

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MacDailyNews Take: Should bode well for AAPL, after yesterday’s Buffett sales ding.

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