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In January 2021, China’s iPhone shipment increased by more than 150% year on year From Morgan Stanley

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Due to the strong demand for iPhone 12, Apple’s smartphone market share in China continues to grow, and Morgan Stanley expects the March quarter to be strong with January’s sales. Katy Huberty, an analyst at Morgan Stanley, pointed out that the supply of iPhones has caught up with the demand, and apple has performed very well in the Chinese market. IPhone shipments in China are estimated to have increased 150% in January from a year earlier.

Thanks to the introduction of 5g, the iPhone 12 series has performed well in China. Apple reported record revenue from China in the first quarter of 2021 earnings call, and Katy Huberty reported that demand remained strong in the third quarter.

Apple ranks second in the list of smartphone shipments in the region. Although Huawei’s number of users continues to increase after 2020, apple continues to maintain this position. Apple accounts for 20.3% of the smartphone market, while Huawei accounts for 32%. As of January 2021, Apple’s installed capacity in China has increased for five consecutive months.

According to the proportion of installed capacity at the end of the second month after the launch of the iPhone, the iPhone 12 and the iPhone 12 Pro Max are two of the five most popular iPhone models in China in the past four years. This is consistent with other reports showing that the iPhone 12 is in the super cycle of demand.

Huberty maintains its 12-month AAPL target price of $164.

More reading from cnBeta: Morgan Stanley: Apple’s iPhone shipment in Q2 is expected to reach 41 million units in 2020. Morgan Stanley: Apple’s iPhone shipment in Q1 is expected to reach 54 million units in 2015. Apple’s iPhone shipment in Q4 is expected to exceed 80 million units in 2020. Rosenblatt Securities: China’s iPhone sales in January 2016 dropped 35% month on month Strategies: it is estimated that the sales volume of Apple’s iPhone in China in Q2 2015 will exceed that of the United States to 20 million. Deutsche Bank: it is predicted that the sales volume of Apple’s iPhone in China in 2012 will reach 25 million. Wedbush: it is estimated that the iPhone shipment will reach 250 million in 2021, which will set a historical record Over 85 million iPhones shipped by Kaiji Securities: it is estimated that the iPhone shipment will fall below 200 million in 2016 SFG: 45 million iPhones shipped by apple in Q1 of 2018, a year-on-year decrease of 13% OTR Global: it is estimated that the iPhone shipment will be lower than expected in the second quarter of 2019 Guo Mingqi: it is estimated that the iPhone shipment in Q1 of 2019 will be 38-42 million IHS: 43.8 million iPhones shipped in Q1 of 2019 Trendforce: Apple’s iPhone shipment in Q3 dropped to 45 million in 2016 RBC: it is estimated that Apple’s iPhone shipment in Q2 will be 40 million in 2016

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