In the June quarter, shipments improved and are now up about 227%, although analyst Vogt points out that this is based on a simple comparison.
According to UBS estimates, Apple's iPhone shipments in China increased by more than 200% year-on-year, suggesting that the company's June quarter results were quite solid.

In a note to investors, UBS analyst David Vogt offered some thoughts on Apple's iPhone shipments in the June quarter and shipments so far in 2022.

On the one hand, Apple's shipments in China appear to have rebounded strongly from May (down 9% YoY in May). For example, in the June quarter, shipments improved and are now up about 227%, although Vogt points out that this is based on a simple comparison.

So far this quarter, Apple's iPhone shipments have grown 25% year-over-year despite macroeconomic headwinds such as the coronavirus lockdown and broader supply chain issues.

Overall smartphone shipments in China fell by about 12% year-on-year, mainly due to the COVID-19 lockdown in April and May.

Vogt now estimates that the iPhone's share of the Chinese market has grown larger at 11.4% due to growth in Apple's smartphone shipments. Local Chinese phone brands ceded substantial market share to Apple in the June quarter.

The analyst will keep his estimate of 42 million iPhone sales for the June quarter unchanged, but noted that this is likely to be conservative, with expectations for the quarter softening.
Axact

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