Apple’s Q3 earnings buoyed by robust iPhone sales in China

  • China reported the shipment of 10.4 million iPhone units from April through June, increasing Apple’s market share by 3 points in the past year.
  • Despite the imminent launch of iPhone 15, the demand for iPhone 14 is still strong due to overall upgrade activity.
  • Growing demand for Apple’s services predicts a reacceleration of growth in this segment, contributing to the expected earnings boost.
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