iPhone 12 Sales Soar in China to Close Out 2020
News reports suggest that Apple's (NASDAQ: AAPL) iPhone 12 family of devices sold far better than expected in China during the fourth quarter, providing further evidence that the long-predicted "super cycle" may have arrived. A story from DigiTimes (courtesy of MacRumors) reports that Apple sold north of 18 million iPhones during Q4, a "staggering" number which would suggest that Apple took more than 20% market share to close out the year.
To put that in perspective, prior to the report, Chinese rivals including Huawei, Xiaomi, Oppo, and Vivo accounted for more than 90% of the devices sold in the country, leaving a high-single digit percentage available for Apple and every other provider in the country, making the iPhone makers achievement all the more remarkable.
Image source: Apple.
Source Fool.com
