Tim Cook Visits China Where iPhone Sales Finally Rebounded Last Quarter After Lengthy Skid

MacRumors

macrumors bot
Original poster
Apr 12, 2001
7,477
8,534



Apple chief Tim Cook was among a group of leaders who met China's President Xi Jinping on Monday at an annual gathering of advisers to the Tsinghua University business school in the capital Beijing, according to Reuters.


Apple declined to comment on details of his visit. Facebook chief Mark Zuckerberg, who also attended, stated that "every year this trip is a great way to keep up with the pace of innovation and entrepreneurship in China."

The meeting occurred just days before Apple launches its much-anticipated iPhone X in 55 countries, including China, with hopes the high-end smartphone can revive the company's sales in the world's second largest economy.

Apple shipped an estimated 11 million iPhones in China last quarter, up 40 percent from the year-ago quarter, according to research firm Canalys. The strong growth put an end to six consecutive quarters of declining iPhone sales in the region.


Canalys believes Apple's rebound, buoyed by the launch of the iPhone 8 and iPhone 8 Plus last month, could be short lived.
"Apple's growth this quarter is only temporary. The high sell-in caters to the pent-up demand of iPhone upgraders in the absence of the iPhone X. Price cuts on earlier models after announcing the iPhone 8 have also helped. However, Apple is unlikely to sustain this growth in Q4," said Canalys Research Analyst Mo Jia.

Despite being touted as widely expensive, excitement for the launch of the iPhone X is building in China. "While the iPhone X launches this week, its pricing structure and supply are inhibiting. The iPhone X will enjoy a healthy grey market status, but its popularity is unlikely to help Apple in the short term," added Jia.
iPhone 8 and iPhone 8 Plus have quickly "run out of steam" in mainland China, despite being heavily discounted by online retailers such as Suning.com and JD.com, according to the South China Morning Post.
"The iPhone 8 might be the most poorly sold flagship iPhone model in China, as such huge discounts have never been seen before in the country," said Zhao Ziming, a senior analyst at Pintu Tank in Beijing.
While the iPhone X could help Apple in the fourth quarter, its high price and supply constraints might inhibit the company's growth in China in the short term, according to Canalys research analyst Mo Jia.

Apple was the fifth largest smartphone maker in China last quarter, behind local brands Huawei, Vivo, Oppo, and Xiaomi, according to Canalys.

Article Link: Tim Cook Visits China Where iPhone Sales Finally Rebounded Last Quarter After Lengthy Skid
 

Avieshek

Suspended
Dec 7, 2013
708
1,091
India
Vivo, Oppo & Xiaomi are doing the same thing in India. Apple is repeating mistakes, hope they repeat success as well.

iPhone 8 (Regular) = $980s in India.

Can't fully blame the buying capability there.
 
Last edited:

imac ios x

macrumors newbie
Jan 25, 2011
17
58
High discounts?? ¥5628.00 to euro is 730 euro (850$), same model is 900 euro here. It's not really that big of a discount tbh....
 

djcerla

macrumors 68000
Apr 23, 2015
1,659
6,677
Italy
its high price and supply constraints might inhibit the company's growth in China in the short term, according to Canalys research analyst Mo Jia.
Price: barely higher than the most popular iPhone 7 model in China.
Supply constraints: what supply constraints? The fake ones used to artificially depress AAPL shares?
 
  • Like
Reactions: deanthedev

okolicsanyimikolaj

macrumors newbie
Oct 12, 2016
2
0



Apple chief Tim Cook was among a group of leaders who met China's President Xi Jinping on Monday at an annual gathering of advisers to the Tsinghua University business school in the capital Beijing, according to Reuters.


Apple declined to comment on details of his visit. Facebook chief Mark Zuckerberg, who also attended, stated that "every year this trip is a great way to keep up with the pace of innovation and entrepreneurship in China."

The meeting occurred just days before Apple launches its much-anticipated iPhone X in 55 countries, including China, with hopes the high-end smartphone can revive the company's sales in the world's second largest economy.

Apple shipped an estimated 11 million iPhones in China last quarter, up 40 percent from the year-ago quarter, according to research firm Canalys. The strong growth put an end to six consecutive quarters of declining iPhone sales in the region.


Canalys believes Apple's rebound, buoyed by the launch of the iPhone 8 and iPhone 8 Plus last month, could be short lived.iPhone 8 and iPhone 8 Plus have quickly "run out of steam" in mainland China, despite being heavily discounted by online retailers such as Suning.com and JD.com, according to the South China Morning Post.While the iPhone X could help Apple in the fourth quarter, its high price and supply constraints might inhibit the company's growth in China in the short term, according to Canalys research analyst Mo Jia.

Apple was the fifth largest smartphone maker in China last quarter, behind local brands Huawei, Vivo, Oppo, and Xiaomi, according to Canalys.

Article Link: Tim Cook Visits China Where iPhone Sales Finally Rebounded Last Quarter After Lengthy Skid
[doublepost=1509378211][/doublepost]



Apple chief Tim Cook was among a group of leaders who met China's President Xi Jinping on Monday at an annual gathering of advisers to the Tsinghua University business school in the capital Beijing, according to Reuters.


Apple declined to comment on details of his visit. Facebook chief Mark Zuckerberg, who also attended, stated that "every year this trip is a great way to keep up with the pace of innovation and entrepreneurship in China."

The meeting occurred just days before Apple launches its much-anticipated iPhone X in 55 countries, including China, with hopes the high-end smartphone can revive the company's sales in the world's second largest economy.

Apple shipped an estimated 11 million iPhones in China last quarter, up 40 percent from the year-ago quarter, according to research firm Canalys. The strong growth put an end to six consecutive quarters of declining iPhone sales in the region.


Canalys believes Apple's rebound, buoyed by the launch of the iPhone 8 and iPhone 8 Plus last month, could be short lived.iPhone 8 and iPhone 8 Plus have quickly "run out of steam" in mainland China, despite being heavily discounted by online retailers such as Suning.com and JD.com, according to the South China Morning Post.While the iPhone X could help Apple in the fourth quarter, its high price and supply constraints might inhibit the company's growth in China in the short term, according to Canalys research analyst Mo Jia.

Apple was the fifth largest smartphone maker in China last quarter, behind local brands Huawei, Vivo, Oppo, and Xiaomi, according to Canalys.

Article Link: Tim Cook Visits China Where iPhone Sales Finally Rebounded Last Quarter After Lengthy Skid
https://www.theverge.com/circuitbreaker/2017/10/30/16570416/china-iphone-8-sales-discount-release?utm_campaign=theverge&utm_content=chorus&utm_medium=social&utm_source=twitter ???
 

honglong1976

macrumors 65816
Jul 12, 2008
1,168
713
UK
How did they manage to take a photo in China without one Chinese person actually being in the photo?

iPhone 8 should do really well. The China market is HUGE! so of course Apple want some of it. But their competition offers similar looking phones for a fraction of an iPhone cost and they are made in China.

But it's more about face. iPhone is expensive, if you have one, you must have money and gain some face!
 
  • Like
Reactions: szabogabor10

Bacillus

Suspended
Jun 25, 2009
2,685
2,166
Jony: "Look where people used to click before The Notch"
Tim: "Whahahu...ehh...huh?"
 

chriscrk

macrumors 6502a
Nov 14, 2011
523
1,037
Planet Earth (?)