Apple (AAPL) Rises After iPhone Sales Finally Rise in China
Apple shares climbed 1% on Thursday, extending a 6.5% weekly gain as iPhone sales in China grew 8% in Q2 2025—the first year-over-year increase since 2023. Strategic price cuts ahead of China's 618 shopping festival fueled demand, particularly for Pro models, according to Counterpoint Research.
Huawei outpaced Apple with 12% growth, leveraging regional brand loyalty. The rebound comes after a turbulent spring for AAPL, marred by tariff disputes. While the stock shows resilience, analysts note Chinese rivals are gaining ground in key Asian markets.