- Apple’s (NASDAQ: AAPL) smartphone exports into China increased by over 40% in May over the same month the previous year, extending the upward trend that began in April, according to data from a Chinese government-affiliated research agency.
- According to the China Academy of Information and Communications Technology (CAICT), the number of foreign-branded phones shipped into China climbed by 1.425 million units in May, from 3.603 million units in the previous year to 5.028 million units.
- Even though Apple was not mentioned by name in the report, it is still the largest foreign phone manufacturer in China’s smartphone market, which implies that the tech giant’s success is to blame for the rise in shipments of foreign-brand phones.
Source:
investing
