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iPhone: Apple would be doing well despite the drop in demand in China

News Snapshot:

According to The Wall Street Journal smartphone demand would slow rapidly in China as the upsurge in the pandemic dampens consumer spending, prompting warnings in recent weeks from manufacturers – including Apple – as well as chipmakers, in the world’s biggest smartphone market . In April, smartphone shipments in China fell 34%, down 30% for the first four months of the year, with 86 million units sold. But in such a context, Apple seems less affected than the others. Indeed, entry-level devices should be affected first and most severely, consumers who are normally interested in this kind of product have…

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