The latest round of iPhone price cuts on China have accomplished their goal, according to an analyst with Wedbush. Demand for Apple handsets has increased in that country.
That’s very good news for the company, as CEO TIm Cook said early this year that slow sales in China were the entire reason Apple saw a revenue decease at the end of 2018.
Temporary price cuts in China offered only a temporary boost in iPhone sales, according to industry analysts watching how Apple would follow up dismal year-end figures in the depressed Chinese smartphone market.
To start 2019, Apple revealed unexpected revenue shortfalls, blaming it mostly on a sharp drop in demand for iPhones in China.
Ming-Chi Kuo, a tech analyst with a decent record for accuracy, predicts Apple will sell more iPhones in 2019 than many other analysts are anticipating.
To be clear, Kuo isn’t predicting a banner year for iPhone sales. Just not a terrible one.
The Chinese phone market cratered in the final quarter of 2018, but iPhone sales in the country did even worse.
This poor showing is primarily a result of the high prices Apple charges for its handsets, according to an industry analyst.
Sales of iPhones seem to be weaker than in previous years, and the Chairman of the Federal Reserve has an explanation: a drop in consumer spending in China.
The implication is that the slowdown in iPhone sales isn’t a result of anything Apple has done.
A White House official said today China is stealing Apple technology secrets but did not provide specific details.
National Economic Council Director Larry Kudlow made the comment during a wide-ranging interview with Bloomberg that included U.S. trade tensions with China.
Apple CEO Tim Cook warned investors today that weak iPhone sales could translate into revenue shortfalls in the billions of dollars.
Cook blames the expected revenue drop on fewer-than-expected iPhone upgrades and weakened demand in China.
There’s now proof that Apple rushed iOS 12.1.2 out primarily to make changes to iPhones in China. We also have confirmation of exactly what the modifications are.
These were designed to convince a Chinese court that iPhones don’t infringe on two Qualcomm patents. The hope is that court will then reverse an iPhone sales ban that went into effect in that country last week.
Apple continues to remove third-party applications from the Chinese version of the App Store for violating its terms of service. It reportedly removed 718 apps this week.
This isn’t the first time there’s been a purge from this software store. But this time none of the applications were breaking Chinese law, just Apple’s own rules.
Fraudulent iPhone repair claims are big business in China. To the point where about 60 percent of the handsets being repaired under warranty in that country were part of scams.
Apple has had to make draconian efforts to even slow the rate at which Chinese criminal gangs are stealing from it.
One of the most important components of the 2018 iPhone could be produced by a company with very strong ties to the Chinese government.
BOE Technology Group already makes some LCD screens for Apple, but also wants to manufacture OLED displays used in flagship iPhone models.
Shipments of iPhone in China increased 32 percent in the first quarter of this year. This was during a period when the overall Chinese handset market declined.
Many Chinese see Apple devices as status symbols and pick them over local brands that cost significantly less.
The iPhone is lagging behind competitors in China. But if Apple notices a sudden uptick in sales, they may have an old friend to thank.
At a tech conference in the Guangdong province of China Tuesday, Apple co-founder Steve Wozniak praised Chinese manufacturers for making smartphones with great functions and affordable prices.
But Woz said the iPhone is still worth the extra money.
Apple distributors in a coastal province in China have been arrested for allegedly trying to sell iPhone user data, according to reports.
Police in Zhejiang rounded up 22, accusing the distributors of searching an internal Apple database for Apple IDS and phone numbers. Prices for the data were cheap, ranging from a U.S. dollar equivalent of $1.50 to $26.