/>
X

iPhone demand is strong in China, says BofAML

While investors fear that the shine might be tarnishing on the iPhone in the west, according to a survey carried out by Bank of America Merrill Lynch, China is very much in love with the iPhone.
adrian-kingsley-hughes.jpg
Written by Adrian Kingsley-Hughes, Contributor on

Apple's revenue and profits are heavily reliant on the iPhone, so any suggestion that consumer demand is weakening makes investors quite anxious. However, a survey carried out by Bank of America Merrill Lynch, and reported by Bloomberg, suggests that China is still very much in love with the iPhone.

The results should make good reading for Apple.

  • Apple is the most popular brand amongst those surveyed, used by 24 percent of respondents (Samsung is next, at 22 percent)
  • 39 percent expect to buy an iPhone next (Samsung is again next, at 17 percent)
  • 81 percent of iPhone owners plan to stick with the iPhone (again, Samsung is next, with 9 percent)
  • Amongst non-iPhone users, 32 percent plan to switch to iPhone (next up is Huawei at 28 percent)
  • 57 percent expect to buy their next smartphone within the year

At a time when the stock is taking a bit of a hammering, this will be some much-welcomed good new for Apple.

See also:

Turn your Apple Watch or iPod touch into a cellphone

Related

He flew American Airlines, she flew United. For both, the unthinkable happened
screen-shot-2022-06-30-at-10-14-36-am.png

He flew American Airlines, she flew United. For both, the unthinkable happened

Business
Giant data breach? Leaked personal data of one billion people has been spotted for sale on the dark web
close-up-of-a-womans-hands-typing-on-a-keyboard-in-the-dark.jpg

Giant data breach? Leaked personal data of one billion people has been spotted for sale on the dark web

Security
CERN is firing up its Large Hadron Collider at record energy levels, in search of dark matter
cern-photo-202011-145-2.jpg

CERN is firing up its Large Hadron Collider at record energy levels, in search of dark matter

Innovation