Demand for iPhones appears to be flourishing once again in China, a year after Apple had to warn investors that the Chinese market was facing a serious slowdown
IPhone sales in China were up 18% in December from the same month a year earlier, an even better performance than Wall Street had projected, according to an investor note from Wedbush analyst Dan Ives. Apple shipped around 3.2 million iPhones to China during the month compared to 2.7 million in December 2018, Ives reported, citing data from the China Academy of Information and Communication Technology. It's good news for Apple, after iPhone sales tumbled in China over the past year.
A number of factors contributed to the drop, namely slower growth in the Chinese economy and the US-China trade war. The trend continued throughout much of last year. In April, Apple said its iPhone sales in the first three months of 2019 dropped 17% from the same period a year earlier, again because of sluggish demand in China. A month later, Citi analysts warned that the trade war could cause Apple's iPhone sales in China to be cut in half.
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