Apple grows by 40% after six consecutive quarters of decline in China

Will Apple be a $1 trillion company this year?

The analyst firm recorded 40 percent annual growth for Apple in Q3 2017 with 11 million shipments during the three-month period. What helped Apple turn things around this year in China was the Apple iPhone 8 and Apple iPhone 8 Plus. OPPO was just a million units behind Huawei and a mil ahead of Vivo, snatching a solid 18 percent slice of the pie despite technically registering a shipment drop from Q3 2016. The report stated that the mix of the iPhone 8 series at launch is also higher than the corresponding mix of the iPhone 7 series at launch previous year.

Despite renewed momentum in smartphone sales, Canalys believes that Apple won't be able to carry this forward.

"Apple's growth this quarter is only temporary", Mo Jia, an analyst at Canalys wrote. Mr. Jia stated that even though the device would launch this week, the pricing structure and supply issues will restrain growth.

The report claims that Suning.com cut the iPhone 8's price by up to 1,100 yuan ($165.50), while another site, JD.com, is offering reductions of up to 800 yuan ($120.34) off the most expensive version of the smartphone.

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Malaysia, on the other hand, after playing out a 1-1 draw against South Korea made it to the final. Ramandeep Singh gave India earlier beak by scoring the first goal in the third minute of the game.

Prior to this quarter, Apple posted year-over-year declines in iPhones sales for the Chinese market over the past six quarters straight. He added that the iPhone X would enjoy a healthy grey market status, but Apple's popularity is unlikely to be helped by it in the short term.

As the top 5 continue to strengthen their position, declining shipments has become a major cause of worry for many vendors in China. In Q4 they are hoping to boost sales with the November 11 online shopping festival. On the back of its aggressive offline expansion, Xiaomi is poised to break the dominance of Huawei, Oppo and Vivo next quarter, making it an even tighter battle to the top.

Smartphone quarterly estimate and forecast data is taken from Canalys' Smartphone Analysis service.

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