Get 40% Off
⚠ Earnings Alert! Which stocks are poised to surge?
See the stocks on our ProPicks radar. These strategies gained 19.7% year-to-date.
Unlock full list

Apple unit sales likely fell 4% during two-week Singles Day event - report

Published 11/24/2023, 05:45 AM
Updated 11/24/2023, 05:47 AM
© Reuters.  Apple unit sales likely fell 4% during two-week Singles Day event - report

Market research firm Counterpoint Research projected a decline in Apple’s (AAPL) unit sales during China's Singles Day sales event, which took place between October 30 and November 12.

Counterpoint estimates a 4% YoY decrease in Apple (NASDAQ:AAPL) unit sales during this period In contrast, Huawei's festival smartphone sell-through saw a 66% YoY increase, and Xiaomi (OTC:XIACF) experienced a 28% YoY growth.

“Apple is improving compared to last month but there still seems to be hiccups in terms of supply,” said analysts for manufacturing at Counterpoint.

Overall, smartphone sales in China during this shopping event rose by 5% YoY, the report added.

JD (NASDAQ:JD).com said that the value of the transaction volume of Apple products exceeded 10 billion yuan on its platform during the shopping event.

Latest comments

How does that volume of AAPL transactions compare to the same time frane last year. Tgat wiujd be giid ti know:-)
Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.