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Apple Q4 performance: 12% China growth, 51% of global smartphone revenue

Published 02/15/2018, 02:13 PM
© Reuters.  Apple Q4 performance: 12% China growth, 51% of global smartphone revenue
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  • Morgan Stanley (NYSE:MS) says Apple (NASDAQ:AAPL) iPhone shipments grew 12% in China in CY17 Q4 (Q/Q) while Android shipments declined 17%.
  • In the four-week period ending January 14, the iPhone’s market share in the region dropped to 20.6% of active phones from 21.8% in the prior four weeks.
  • The decline hit older models like the iPhone 6 likely due to domestic phone makers slashing prices to compete. But the iPhone X continued to accelerate in the period, representing over 3% of the iPhone active installed base.
  • Global Q4: Strategy Analytics has estimates for global smartphone revenue for Q4 and Apple captured 51% of wholesale revenues with an ASP of $800, which is 3x the industry average.
  • Samsung’s ASP grew 21% to $254 (thanks to the pricier Galaxy S8 and Galaxy Note 8).
  • Apple shares are up 3.1%.
  • Now read: Sand In My Shoes - Taking A Bite Of The Apple


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