Apple stock was trading 2.4% higher at the time of writing.
The upside comes after AAPL witnessed a significant rebound in China, with iPhone shipments jumping 52% year-over-year in April, according to Bloomberg. This marks two consecutive months of growth after a period of decline, which reflects that the iPhone demand in China is gaining momentum.
Furthermore, data from the China Academy of Information and Communications Technology revealed that other foreign smartphone brands in China shipped a total of 3.49 million units in April, reflecting a 51.7% year-over-year increase. Apple is said to be the dominant player in this category.
Disclaimer Briefly
Reminder:
I am inappropriately exuberant about the US economy and the US market, I
am also inappropriately exuberant about all things Apple.
See disclaimer. This is not an investment site.
Disclaimer: this is not an investment site. Do not make any investment, financial, job, career, travel, or relationship decisions based on what you read here or think you may have read here.
All my posts are done quickly: there will be content and typographical errors. If anything on any of my posts is important to you, go to the source. If/when I find typographical / content errors, I will correct them.
Reminder: I am inappropriately exuberant about the US economy and the US market, I am also inappropriately exuberant about all things Apple.
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