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iPhone Sales in China Jump 12% Following Markdowns

  • Retailer discounts reportedly helped drive a roughly 12% increase in Chinese iPhone shipments in March.
  • Shipments of foreign smartphones rose to 3.75 million units in March, following a 37% slump in the prior two months.
  • Apple CEO Tim Cook mentioned that iPhone sales in China had grown during the prior quarter.
  • Apple faces challenges in China due to competition from local companies and a ban on iPhone use by government entities.

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