AppleInsider is supported by its readers, and as an Amazon Associate and affiliate partner, AppleInsider can earn revenue on qualifying purchases. These affiliate links do not affect our editorial content. Apple’s iPhone shipments are slowing down in China amid growing smartphone speculation, although the company’s market share in our country is higher than in previous seasons. JP Morgan analyst Samik Chatterjee reviewed the latest smartphone marketing data provided by the Chinese Academy of Information and Communication Technology in a letter to investors acquired by AppleInsider. The data is shown below for April. IPhone transfers are time consuming.
Exports in China, which is the largest of the iPhones, tracked at 1.7 million units in April. That is under the historical limit of 3.1 million transfers. Transfers decreased 26% month-on-month in April – a short-term change of 1% between April and April. According to Chatterjee data, the total international phone transfers in China accounted for 36.4 million hours since the release of the iPhone 13 and iPhone 13 Pro. Despite the decline in April, that was also 11% higher than transfers during previous rounds.
The iPhone seems to be the victim of a widespread smartphone crash in China. Between April and April, shipments dropped by 16% a month over the month. On average, transfers have been eager to climb as much as 27% during the same period in recent years. Product distribution is still long, obviously. Exports accounted for 9% of the market in April, down from 11% in March but higher than the historical average of 8%.
Since October, exports accounted for 19.2% of smartphone sales in China, up from 15.8% a year earlier. The analyst maintained Apple’s 12-month earnings of $ 200, based on a 30x cost-to-earnings ratio over its 2023 asset estimate of $ 6.73.