iPhone Sales in China Are Reportedly Growing Sharply
Apple's (NASDAQ: AAPL) Greater China segment weighed on the tech giant's results in fiscal Q2, which ended on March 28, 2020. After a strong January, demand for Apple's products in the market fell in February, when many stores in the region were shut down as the Chinese government attempted to mitigate the spread of the virus. While a recovery in Apple's business started in March as the company reopened its stores, sales were still recovering when the quarter ended.
However, things may be looking up in the region in Apple's fiscal third quarter. iPhone sales in China not only increased sharply in April compared to March, but they also jumped on a year-over-year basis, according to one analyst's estimates.
iPhone SE. Image source: Apple.
Source Fool.com
