Apple's iPhone Shipments Surge 20% in China Despite Market Decline
Apple and Huawei grew in China’s weak phone market; others fell due to high costs and price hikes, especially Xiaomi.
Apple and Huawei grew in China’s weak phone market; others fell due to high costs and price hikes, especially Xiaomi.
Amazon to acquire Globalstar and partner with Apple to power next-generation direct-to-device satellite connectivity for iPhone, Apple Watch, and cellular phones worldwide via Amazon Leo.
Apple’s first foldable iPhone is coming this September, pricey $2K+, fixes screen issues, opens like an iPad, limited early stock.
Amazon is negotiating to acquire Globalstar to speed up its satellite internet project and compete with Elon Musk’s Starlink. Apple’s 20% stake adds complexity to the deal.
Apple is adding Bosch, Cirrus Logic, TDK, and Qnity Electronics to its American Manufacturing Program with a $400 million investment through 2030.
Morgan Stanley’s survey shows iPhone upgrades at record highs, switching to Apple at 5-year peak. Apple set to be only major brand gaining share in 2026.