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Apple (AAPL) Strongly Boosted by China iPhone Sales Surge Amid Discounts and Subsidies

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The Story

News Summary

  • iPhone sales in China surged 23% early this year due to government subsidies and online discounts, despite a declining overall smartphone market.
  • Apple is absorbing margin pressures to gain market share amid rising costs for Chinese competitors.
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AAPL price history

331.08 +19.61% over the displayed period

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