Apple stages huge comeback in China as iPhone shipments surge 40% [Yahoo! Finance]
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Source: Yahoo! Finance
Shipments of foreign-branded phones in China increased by 1.425 million in May to 5.028 million units from 3.603 million a year earlier, calculations based on the data from the China Academy of Information and Communications Technology (CAICT) showed. Although the data did not explicitly mention Apple, the company is the dominant foreign phone maker in China's smartphone-dominated market. This suggests that the increase in foreign-brand phone shipments can be attributed to Apple's performance. The jump in Apple's sales follows a weak performance by the tech giant in the world's biggest smartphone market earlier this year amid strong competition in the high-end smartphone category from local rivals such as Huawei The sales boost also comes after Apple launched an aggressive discounting campaign on its official Tmall site in China in May, offering price cuts of up to 2,300 yuan ($316.71)on select iPhone models. Apple's May sales increase extended its growth streak for the pas
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