- The Apple (NASDAQ:AAPL) Watch sold 3.9M units in calendar Q3 with 800K of the total coming from the Series 3 LTE model, according to Canalys data.
- Canalys expects the LTE sales to strengthen further once the Chinese government restores cellular connectivity access to customers in the country.
- The Q3 sales pushed Apple to the top of the global wearable band market with a 23% market share. Xiaomi (21%) and Fitbit (20%) rounded out the top three.
- In other Apple device news, Hon Hai (OTCPK:HNHAF, OTC:FXCOF), or Foxconn, reports earnings with $696M in net income, down 39% on the year and the largest drop since late 2008.
- Foxconn was the exclusive assembler of the iPhone X. The income drop ties to the manufacturing delays that complicated iPhone X production and led to the lower unit volume at launch.
- Previously: WSJ: Apple Watch loses cellular service in China (Oct. 19)
- Previously: Nikkei: Apple's iPhone X still facing production delays (Oct. 12)
- Now read: Is It Too Late To Buy Apple Stock?
Original article