iPhone sales in China up 44% in May

According to a recent study by investment firm JP Morgan, iPhone sales in China are showing signs of recovery, which is partly responsible for the increase in overall demand for smartphones in the region.

Here's What We Know

According to the China Academy of Information and Communication Technology (CAICT), in May 2024, iPhone sales increased by 44% month-on-month and by 40% year-on-year.

Analysts expect the release of the iPhone 16 with Apple Intelligence to provide additional impetus to market growth.

Source: JP Morgan