Apple shipped 3.2 million iPhones in China through December, according to Reuters calculations using data from the China Academy of Information and Communications Technology.
The news drove Apple stock up more than 2% Thursday, bringing the stock to a fresh all-time high of $309.45, according to FactSet.
Apple shipped 3.2 million iPhones in China through December. That figure was up from 2.7 million units shipped in December 2018. China is aNovember data from Counterpoint Research , Apple had just 8 percent of the market share in China during the third quarter of 2019, down from 9 percent during the same time period in 2018. Huawei is the market leader with a 40 percent share, trailed by Vivo, Oppo and Xiomi.
The recent numbers on iPhone sales are a welcome sign of optimism in the crucial market, Wedbush analyst Dan Ives said in a note Thursday. "This news only furthers our positive bullish thesis on Apple heading into 2020 given our recent positive Asia checks, 5G technology/upgrades around the corner, and our belief that China will continue this positive upward trajectory with renewed growth and share gains on the heels of an iPhone 11 product cycle which the skeptics continue to underestimate," he said.
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