Apple Stock News: China Bought More iPhones Than US In 2014
Apple is expected to announce this week that it has sold more iPhones in China than in the US for the first time in 2014, highlighting the shifting balance of power in the smartphone market. Analysts at UBS estimate that China accounted for 36% of iPhone shipments in the most recent quarter, compared with 24% for the US. During the same period last year, 29% of units were sold in the US and 22% were in China, UBS said. The push into China is huge, as the US market becomes saturated and iPhone growth slows.
January 26, 2015
