The sudden growth of "Apple" income in China causes several questions to raise
Apple surprised investors with a good increase in its quarterly revenue from China, with months of data showing an accelerated drop in iPhone sales. CEO Tim Cook pointed out that the growth of ‘iPhone’ revenue has come on the mainland of China based on the preparation of reports’, that is, before making changes related to the disorders of supply chains associated with Apple’s optimism in 2022, it has repeated the long -term of the company’s net sale. Investors check the performance of the business in China because of its role as a major market and a global production base for iPhone phones. Cook kept his remarks on this topic assignment and left the analysts to approach the numbers with independent data showing that ‘iPhone’ quickly loses its position in the country’s mobile garden. During the call, Cook faced at least three analysts to get explanations about China. “What do we miss here, given the data we have seen over the past quarter?” Aaron Rakers, an analyst at Wells Fargo, said: “What do we miss here, given the information we have seen over the past term?” How to calculate the revenue The government data for new devices showed a significant decline in iPhone devices during the first two months of the year, while analysts at Countpoint Research with a 19% sales in March in China. IDC, which is generally regarded as the standard for detecting the cellphone industry, estimated that the global “iPhone” shippers dropped by 10% during this period. The contradiction can result from the difference in the way both analysts and Apple are calculated. “We followed an annual drop in the total value of iPhone devices in China during the first quarter of 2024,” said Will Wong, an analyst at ‘IDC’, after Apple’s results. “The average selling price played a major role to explain the reason for the difference in the results.” IDC “Calculate the prices paid by consumers, while” Apple “may have used another price in its financial report, such as the factory price. Apple shares increased by up to 7.9% in the late trading after the closure expected in global sales. ‘World Price of’ Apple ‘for March term is 900 dollars, which is a new high level for this period. In the Shenzhen, which is the most powerful competitive company for “Apple” in the leading sector, he announced an increase in the profits in Sixland during the quarter of March, and “Canalys” for consignments in the country. Like other search companies, Canalis noted the significant decline in iPhone shipping in China. Cook urged analysts during a call Thursday to take a longer stand and “turn their eyes on the 90 -day cycle.” “What I see is that many people are moving to the middle class,” he said in China. Obviously, we have a job there to do it. I think it was and still during the last quarter, the most competitive market in the world. ‘