China is seeing a continuing decline in overall smartphone shipments, though it appears that Apple isn’t being affected, according to JP Morgan.
In a note to investors seen by AppleInsider, JP Morgana analyst Samik Chatterjee takes a look at the most recent smartphone shipment data released by the state-run China Academy of Information and Communications Technology (CAICT). The data covers the month of May 2021.
Shipments of international devices, which mostly consists of iPhone models, rose 41% month-over-month in May to an absolute unit volume of 3.8 million. That’s higher than the 30% average season uptick typically seen at