Apple gets a stunning boost as smartphone rivals stumble
By Celine Provini
Published on April 23, 2026.
Apple's iPhone shipments in China rose 20% in the first quarter, the fastest growth among major suppliers, despite the country's overall smartphone market decreasing 4%. The company will release its fiscal second-quarter results on April 30, 2026. Despite this, Apple has been a major concern in the market for the past year. The company reported a record-breaking Christmas quarter, making $143.8 billion in sales, a 16% increase over the same time last year, and diluted earnings per share of $2.84, a 19% increase. Apple's 20% growth in shipments was the largest among major brands, while Huawei gained the most market share, with its market share of 20%. The rise in shipments to China is significant as the smartphone industry shrank by 4% from January to March due to memory chip prices, supply chain issues, and Apple's record profits.
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