Apple’s iPhone sales are starting to stabilize in China, Morgan Stanley says (AAPL)
|03/14/2019||Posted by BusinessMediaguide.Com under General World News||
- China’s demand for iPhones appears to be stabilizing according to data compiled by Morgan Stanley.
- The iPhone’s increased market share in China is due to cutting prices amid a weakening smartphone market in the country.
- Apple earlier warned investors on fourth-quarter revenue, citing a steep drop in demand in China iPhone sales.
- Watch Apple trade live.
iPhone demand in China, a key weakness driving down Apple’s stock recently, appears to be stabilizing according to new research from Morgan Stanley analyst Katy Huberty. Apple shares gain more than 1% on Thursday.
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