Apple iPhone Sales Surge 40% in China Amid Aggressive Discounts

Apple's strategic price cuts and promotions lead to significant growth in the competitive Chinese smartphone market.

iPhone shipments in China increased by 40% in May, surpassing overall market growth of 13%.
Apple's sales outperformed Google and Huawei during China's June 18 shopping festival.
The company's aggressive discount strategy is expected to continue until the iPhone 16 launch in September.
Despite a global decline in iPhone sales, Apple's stock has risen 13% this year due to improved prospects in China.
Regulatory hurdles may delay the introduction of AI features in Apple devices in China.