Analysts estimate that the US tech group reached the turning point in iPhone sales after expanding its presence in China last year via a deal with China Mobile, the country’s largest network operator, and after the release of the latest iPhone 6 in the country in October.
UBS analysts estimate that China accounted for 36% of iPhone shipments last quarter compared to 24% for the United States. During the same time last year 29% of iPhone shipments went to the U.S. compared to 22% for China.
“It’s already been a good year, building up to the climax of this quarter,” said Ben Bajarin, analyst at Creative Strategies. “It leads to a lot more optimism for China . . . Their potential headroom in China is higher than it is here [in the US].”
The report corroborates one from Counterpoint Research which found that Apple share of smartphone sales in Asian markets has soared since the company released the iPhone 6 and iPhone 6 Plus. Much of the company's gains have come at Samsung's expense.
We'll have more details when Apple announces its earnings tomorrow. Please follow iClarified on Twitter, Facebook, Google+, or RSS for updates.