Apple iPhone 16 Sales Reportedly Off To Hot Start in China

Group 1 - The iPhone 16 is outperforming its predecessor in China by 20% three weeks post-launch [1] - Sales of the Pro and Pro Max models have increased by 44% during the current cycle [1] - The improved performance is attributed to smoother production compared to the iPhone 15 and reduced competition from Huawei [2] Group 2 - iPhone sales accounted for over half of Apple's total net sales of $383.29 billion last year [2] - Analysts predict Apple could sell over 240 million iPhones in fiscal 2025, with 100 million upgrades expected from Chinese users [2] - Apple shares reached an all-time high of $234.36, reflecting a gain of over 20% this year [3]